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California's Senate on Wednesday passed a bill that would create a guaranteed, government-run retirement savings program catering to private-sector workers of modest means.
The measure would reduce annual cost-of-living increases for public employees and also gradually makes schools pay the cost of retirement benefits for their employees.
The state of Connecticut has required a private security company hired to protect several office buildings to provide some guards back pay after a review showed the firm breached its contract with the state by underpaying the workers.
Pennsylvania's approach to a looming spike in pension obligations for state and public school employees should include a discussion of reducing the cost of current workers' future benefits, even if it means challenging state constitutional law that has traditionally protected such benefits, a top state lawmaker said Monday.
The outgoing director of Colorado's public employees' pension plans calls the 401(k) a failure for private employees. It might be up to you to prove him wrong.