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Insight: California city's pension vote: a precedent for U.S.?

A radical plan to slash public employee pension benefits gets voted on by the residents of Silicon Valley's San Jose on Tuesday - a decision that could set an important precedent for many other cities, not only in California but across the nation.

 

Ex-Vernon leader will continue receiving $500,000 pension despite pleading guilty to misusing city funds

California's highest-paid public pensioner will continue receiving his roughly $500,000 annual retirement despite his guilty plea Thursday to misusing public funds.

 

Gov. Schwarzenegger convinces two more unions to agree to pension concessions, pay cutbacks

Two more public employee unions -- representing doctors, dentists and engineers -- have agreed to tentative contracts with Gov. Arnold Schwarzenegger, expanding to six the number of labor unions the governor has convinced to accept pay cuts and pension rollbacks.

 

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