Public employees are under the microscope as states struggle for the
third consecutive year to balance budgets with below-normal revenues
during a weak and slow economic recovery. Wisconsin, it turns out, was a
sign of the times. When Wisconsin Governor Scott Walker (R) and his GOP
California Gov. Jerry Brown (D) has proposed a 12-point plan to reform
public employee pensions in the Golden State. Brown says he wants to put
his proposal before voters in November 2012.
The linchpin of Brown's plan would involve moving future workers from a
defined benefit plan enjoyed by...