Chipping at Pension Costs

Summary


Cities and counties throughout California ought to take a lesson from an agreement reached by the Orange County Board of Supervisors and the county employees union. It lessens the chance the county will end up in bankruptcy again.

That's historic, as the Orange County Register editorialized, which is true. But it's a sad testament, considering how small the change.

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Extract


Chipping at Pension Costs

Nonetheless it is an improvement, which is more than the rest of the state can say. Nearly every city and county...

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