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With November Measure Off the Table, What's Next for Pensions?

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(Sacramento, CA)
Thursday, February 9, 2012

Republican Senator Mimi Walters says she's very concerned about the lack of a November ballot measure.

Walters: "Without having the added pressure of pension reform going to the ballot, there's no reason for the legislature in my opinion to make pension reform when they don't really want to do it."

She says it's up to Democratic Governor Jerry Brown to pressure his own party to pass his 12-point pension plan.

Senate President Darrell Steinberg says lawmakers will approve pension changes by the time they pass a state budget in June.

Steinberg: "There are particulars of the governor's proposal that we think can be done in a better way.  But we think we can meet each of the principles and the subject matters that he laid out."

Including, Steinberg says, raising the retirement age … and shifting future employees into what's called a "hybrid" pension system.

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