USA Today (October 9)
2012/ 10/ 10 by jd in Global News
“California lawmakers are hoping to start a new trend: states managing retirement funds on behalf of private-sector workers.” Gov. Jerry Brown has already signed a law creating a fund to which employers would pay about 3% of each worker’s salary. While this might sound appealing, this is not a good solution. “Getting states into the business of running another kind of retirement fund, when they have done such a poor job with their existing ones, is a bad idea.”
Tags: Brown, California, Private-sector, Retirement funds
