The Morning After (the Guv’s Pension Plan): What Do We Know?
It’s the morning after the governor’s press conference announcing his pension proposals – and we still do not have definite word as to whether UC is covered. The LA Times version says all state and local employees are covered. Excerpt: Who would be affected? All state and local public employees. Current workers would be expected to pay at least half of their retirement costs, but the higher retirement age and new savings plan would apply only to employees hired later. See http://www.latimes.com/news/local/politics/la-me-pension-qa-20111028,0,4930171.story And there is a lot of fuzziness in the announced plan. For example, how do you “cap” a…
