Sound Familiar?


“I am concerned about the uncertain and increasing tax burden created by many publicly sponsored pension systems. This particular bill goes too far when it authorizes local jurisdictions to pay 50 percent of the employees’ pension contributions and at the same time permits employees who leave the job before retirement to receive a windfall in the form of a refund of all such employer contibutions.”

   –Gov. Jerry Brown, SB 1398 veto message, June 22, 1976

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