Calif. Gov. Jerry Brown (AP Photo/Paul Sakuma)

Looking for the future of public DB plans? If you use the example of America’s most populous – and economically challenged – state, Tuesday’s news regarding drastic pension reform plans in California should put everyone on notice.

And according to the many critics of the plan proposed by Democratic Governor Jerry Brown and his Democratic Legislature, it’s a prescedent-setting move that may spread to systems in other states. And have some spin-off effects to the private DB world, suffering major issues of its own.

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