Spooked by the University of California’s pension revolt – in which its highest paid executives are threatening to sue unless UC fattens their retirement benefits – a Democratic state lawmaker introduced a bill Thursday to prevent all public employees from gaining dramatically increased pension benefits. And Republicans are applauding. "You’re witnessing a moment of bipartisan joy," said Assemblyman Tim Donnelly, R-San Bernardino, vice chairman of the Higher Education Committee. "I’m ashamed that I didn’t think of this myself."

Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.

Posted: January 7th, 2011, by: admin. Categories: . Awaiting Comments.