“About two in three Californians (67%) and likely voters (70%) favor changing the pension system for new public employees to a defined contribution system, while one in five (20% each) oppose it,” said a Public Policy Institute of California survey in September 2015. “At least six in...
“It is difficult to assess just how much strain current contribution levels are putting on employers. However, evidence such as collections activities, requests for extensions to amortization schedules and information regarding termination procedures indicate that some public agencies are under significant ...