June 19, 2017 - CalPensions

California's boldest pension reform: five years in

If you don’t give city employees a pension, what happens? San Diegans voted five years ago this month to switch all new city hires, except police, from pensions to 401(k)-style individual investment plans, becoming one of the first big cities to take the plunge. Jacksonville, Fla., took a bigger step last April, switching all new […]