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  • Two-tier California pension proposal on hold

    07/15/2009 4:53:57 PM PDT · by Amerigomag · 6 replies · 790+ views
    Sacramento Bee ^ | 07-15-2009 | Jim Sanders
    California will not impose a two-tier pension system promising lower benefits to future state workers as part of any wide-ranging deal to solve its $26.3 billion budget shortfall, The Bee has learned.(multiple sources familiar with the negotiations) The controversial proposal by Gov. Arnold Schwarzenegger has been shelved in budget talks. Carroll Wills, of California Professional Firefighters (AFL-CIO), applauded the decision to move more slowly on pension reform. "The pension discussion, to the extent it needs to take place, (should) be a deliberative process of the Legislature," said Wills. Jim Zamora, spokesman for Service Employees International Union (AFL-CIO) Local 1000, said...