California Gov. Jerry Brown announced his first
budget in 2011, and his plans for reforming the state’s pension
systems were, and remain, mired in liabilities. Pension reform went
nowhere until 2012, and then it was a watered down package. Given
that experience, Steven Greenhut says it’s easy to wonder whether
Gov. Brown is serious about his recent call to fix a pressing
pension issue related to the underfunded California State Teachers’
Retirement System.
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