California Pension Plan In the Works

With public pension funding in shambles, politicians promise a fix

Senate President Pro Tem Darrell Steinberg met with reporters on Monday to talk about the final four weeks of the legislative session. Among the topics he touched on: legislation that would change state and local public pensions.

"The good thing is procedurally and logistically, the conference committee is obviously established and obviously this is an issue of utmost importance that we're going to ensure that the language is out there long enough for people to be able to read it, understand it, comment (on) it and see it. We're working real hard now to try to finish up the remaining issues and get it out as quickly as possible."