Calif. pension fund says reforms would cost more
SACRAMENTO, Calif. (AP) — California’s second-largest public pension fund is firing back at a report by a state auditing agency that called for sweeping reforms, saying some of the proposals would invite lawsuits or drive costs even higher. The California State Teachers’ Retirement System laid out its criticisms [...]

Tax reforms proportionately fair, says English
When tax reforms are fully implemented, all income groups will broadly receive about the same proportionate increase in disposable income, says Finance Minister Bill English.
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Sarkozy’s Plan to Increase Retirement Age Can’t Be Altered, Woerth Says
French President Nicolas Sarkozy won’t accept changes to his plan to raise the retirement age or balance the pension system’s accounts by 2018, Labor Minister Eric Woerth said as parliament starts debate on the measure.
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