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January 24, 2005

Calif. emerges as battleground for pension changes

California has emerged as a key battleground state on the issue of pension overhaul, with Gov. Arnold Schwarzenegger pushing private accounts for state employees and lower government contributions to public pension plans that provide defined benefits. Supporters of the current system say the governor's proposal would end income guarantees for retirees. They started to organize this week, with 20 labor groups forming a coalition and 15 more expected to join.

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Posted by Tom Troceen