Headline: Unions kill bill to cut cost-of-living increase for CalPERS pensions
Publication: Sacramento Bee
Article Date: Apr 25, 2017
“Public employee unions presented a united front on Monday [April 24] against a bill by Sen. John Moorlach that aimed to close California’s [CalPERS and CalSTRS] pension funding gap by eliminating cost-of-living increases and asking local governments to chip in a greater share of their revenue toward retirements.” Read article…