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California Unions Back Pension Plan, Taxpayers Wary

Published 3 weeks, 2 days ago
Description

California unions back bill for deferred retirement option plan, aiming to retain seasoned officers and firefighters. The proposal, with bipartisan support, offers a lump-sum payout and monthly pension checks. However, taxpayer watchdogs raise concerns over potential costs and past scandals. The plan could ease budget pressures by stopping extra pension credits and state contributions tied to salary.

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