California

State-Sponsered Private Pensions a Battleground in California

That will fix everything!

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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.