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[News Feed] Calif. Lawmaker Wants to Privatize State Pensions [News Feed] Calif. Lawmaker Wants to Privatize State Pensions
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Old 12-05-2004, 20:00   #1 (permalink)
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Post [News Feed] Calif. Lawmaker Wants to Privatize State Pensions
LOS ANGELES (Reuters) - Hoping to stem a tide of rising pension debt, a California legislator will propose a controversial overhaul on Monday that would convert traditional public employee retirement plans to privately managed 401(k)-style plans, the Los Angeles Times reported on Sunday.

http://www.reuters.com/newsArticle.j...s/domesticNews
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