Last Updated: June 18, 2014By Tags: , ,

Gov. Jerry Brown has a chance to offer guidance, in the end, his plan was watered down with changes hitting new hires. It was a win for public employee unions, which were determined to preserve benefits for existing members. Brown’s office lamely bragged that the final results were “historic” and would cut up to $50 billion off future obligations – but that result would come about decades, not years, from now.

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