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Pension Changes Eyed at Capitol Include Retirement Age of 67



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(Sacramento, CA)
Monday, July 2, 2012

Senator Gloria Negrete McLeod co-chairs the conference committee charged with hammering out this complex piece of legislation.  She says the committee will vote Tuesday on a bill that contains most of the governor's 12-point pension plan.

Negrete McLeod: "We agreed with the governor on 7 points - no problem there - and then we went far beyond what the governor had asked on some other things.  I think this will clear up pensions as a whole."

Negrete McLeod says the bill would raise the retirement age for public safety employees from 50 to 55, and for non-public safety employees from 55 to 67.  She also says Governor Brown isn't happy with parts of the legislation - including a "hybrid" pension system that differs from his original proposal.  The governor's office declined comment.
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