Schwarzenegger: Pension Reform Key to Fiscal Future
"California simply cannot solve its budgetary problems without addressing government-employee compensation and benefits," Gov. Arnold Schwarzenegger (R) writes in a Wall Street Journal opinion piece. Schwarzenegger continues by proposing several changes to the state's pension system, such as requiring public workers to contribute more to their pension benefits. He writes, "Reforming government employee compensation and benefits won't close this year's deficit. It will, however, protect the next generation of Californians from overwhelming burdens."
- "Public Pensions and Our Fiscal Future" (Schwarzenegger, Wall Street Journal, 8/27).