Gov. Jerry Brown last night sent out a letter promising a joint conference committee that on Thursday "you will receive my updated pension reform proposals for review at your next hearing. Given the paramount importance of pensions to both taxpayers and public employees, it is absolutely critical that we carefully examine our current assumptions and practices. We have to do our best to make sure that we have a system that is fair and truly sustainable over the long time horizon that our pension and health systems require." But as Flashreport publisher Jon Fleischman explains, Brown will only propose some previously proposed changes around the margin -- limiting some of the worst abuses and calling for some minor pension reductions for new hires. Brown will do nothing serious about pension reform, especially after he signed many laws advancing public-sector union interests.
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