Schwarzenegger backs out of pension reform plan

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US - California governor Arnold Schwarzenegger has put plans to reform the state's pension system on hold due to concern over the affect the proposal could have on some public employees' death and disability benefits.

Schwarzenegger said he would not push for a statewide vote this year on part privatisation of the state’s public pension funds, but warned he would take the reform proposal to the ballot in June ne...

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