Gov. Jerry Brown proposes hybrid pension plan for new hires

October 27, 2011 12:26:57 AM PDT
Gov. Jerry Brown unveiled details of his pension proposal Thursday that seeks to move new California state workers to a hybrid system where guaranteed benefits are combined with a 401(k)-style plan and would raise the retirement age from 55 to 67 for civil workers, as union leaders lined up to oppose his plans.

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