In final budget, Schwarzenegger wins pension change he pushed seven years ago

Seven years after he first proposed it, Gov. Arnold Schwarzenegger this week finally achieved his goal of rolling back most state worker pensions to levels that existed before lawmakers, relying on the fruits of a booming 1990s stock market, boosted benefits with a bill they passed in 1999. The change has been one of Schwarzenegger’s goals since the day he took office.

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