State-Sponsered Private Pensions a Battleground in California

That will fix everything!


This is not the first time that state Sen. Kevin de León has proposed a state-sponsored pension system for the more than 6 million California workers whose employers don't offer retirement benefits.

But the Los Angeles Democrat's latest effort, Senate Bill 1234, is only a couple of votes away from reaching Gov. Jerry Brown's desk, and it's touched off a titanic lobbying war.