Under increasing public and budget pressure to change retirement benefits for state and local government workers, the Legislature is finally holding hearings on a hybrid plan, which combines a 401(k)-type plan with public pensions. Nannette Miranda reports on KABC-TV:
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I hope at some point “IOD” pay is brought to the attention of the public. I prepare tax returns and I know many in the business. We concur that 95% of the injured firemen and police getting free taxable pensions at a very early age…..are not injured at all and certainly not from work activity. A giant state fraud generally ignored.