US - Sweeping legislation that would enrol all California public employees hired from 2007 into a defined contribution plan is necessary because the current defined benefit public pension system is in crisis, according to the legislation's author.
Keith Richman (pictured), a Republican Assemblyman representing Los Angeles and Simi County, has filed a constitutional amendment with the California legislature that, if passed, would establish t...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
