Weeks after wrapping up a deal to close a $26 billion budget deficit, Gov. Arnold Schwarzenegger is taking aim at what he calls California's next great fiscal problem: the state's battered pension system. The Republican governor says the state's pension system faces tens of billions of dollars in unfunded obligations and is increasingly unaffordable.
Schwarzenegger Eyes Revamp Of California's Pension Programs
MiamiHerald.com: Political Currents, Miami Herald: Politics
Mon, 08/17/2009 - 3:49am
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