New at Reason: Steven Greenhut on Jerry Brown’s Failed Pension Reforms

November 7, 2011

Despite some encouraging details in California Gov. Jerry Brown’s recently announced pension-reform proposal, writes Steve Greenhut, there’s virtually no chance the state will seriously reform – or even seriously attempt to reform – a system creaking under the weight of about $500 billion in unfunded liabilities. Why? Because the union-dominated legislature is unlikely to sign on to Brown’s tough proposals for reforming the state’s lavish compensation packages for public-sector workers.

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