Breaking NewsJohn Bogle, Vanguard founder who advocated low fees, dies at 89


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The California Public Employees’ Retirement System is weighing a new proposal that could have a negative affect on some local governments. (Photo: Shutterstock)

(Bloomberg) – California cities may see their annual pension costs rise under a proposal from the state’s retirement system, threatening to foist added financial pressure on local governments already struggling to pay for all the benefits promised to public employees.


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