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Perhaps a decision to move Illinois public employees into a hybrid 401(k)-style program and gradually remove state funding could offer a solution to Illinois' woes.
Votes Tuesday in several California cities may set a future course for public pension plans, with measures to cut benefits and increase costs for employees.
The governor and legislative leaders say they'll call lawmakers back to Springfield soon for another try at controlling pension costs that contribute to the state's deep budget problems.
Shareholder groups, including the nation's two largest public pension funds, and key proxy adviser firms have called for the removal of several board members, including CEO Mike Duke and former CEO Lee Scott.
As states battle against budgetary problems, the unsustainability of current pension plans has become a major point of contention. We examine three hot spots.
Both the House and Senate agreed to create a new pension plan for future rank-and-file state workers, a victory for Gov. Bobby Jindal's reform efforts.