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Gov. Brown to pension-hammered cities: You’re on your own

MAY 16, 2018 | by Editorial Board | SAN DIEGO UNION-TRIBUNE (CALIFORNIA)

“Gov. Jerry Brown’s recent declaration that local governments are on their own in dealing with the huge costs of overly generous pensions has a surface logic to it. These cities and districts weren’t forced to approve pensions that ended up being hugely costly and bear responsibility for their decisions. Nevertheless, it was the state government’s actions in 1999 that directly led to the pension tsunami now eating up 15 percent or more of the budget in many cities …”

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