Another crazy idea passes the California Senate

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In California, true reforms go absolutely nowhere. Crazy ideas make it to the governor's desk. Legislators here cannot deal with the state's unfunded pension liabilities, caused by government pension plans, but refuse to reduce benefits even for new hires. But that doesn't stop them from creating a new defined-benefit pension plan for private workers. Apparently, the state has done so well with public pensions that it wants to corner the private market as well. That idea just passed the state Senate 23-13.

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