Jan

California’s Brown Raises Prospect of Pension Cuts in Downturn

Supreme Court is set to consider if benefit cuts permissible
Ruling could provide relief to cash-strapped localities

California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments…

Categories : Finance

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California’s Brown Raises Prospect of Pension Cuts in Downturn

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