|
|
Article: Some public pension models for California
- Article from:
- Press-Telegram Long Beach, CA.
- Article date:
- October 25, 2005
- Author:
CopyrightCopyright 2005 Press-Telegram Long Beach, CA. Provided by ProQuest LLC. (Hide copyright information)
|
- California policymakers like to think of themselves as national
leaders. But when it comes to public employee pensions, our state
legislators would do well to consult two of their less flashy peers:
Wisconsin and Oregon.
Wisconsin because it is the home of the most comprehensive survey
of state retirement benefits, a document that shows that by almost
any measure, California's program is among the richest in the
country. Oregon because our neighbor to the north had a worse pension
mess than ours and recently took steps to correct it.
With pension costs climbing for state and local governments here,
Gov. Arnold Schwarzenegger is proposing a reform that would shift the
risk in retirement ...