Labor & Economic News Blog

Tuesday, March 17, 2015

California public workers may be at risk of losing promised pensions
As millions of private employees lost their pension benefits in recent years, government workers rested easy, believing that their promised retirements couldn't be touched. Now the safety of a government pension in California may be fading fast. Feeling the heat is the state's huge public pension fund, the California Public Employees' Retirement System, known as CalPERS.


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