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Government and private proposals to replace traditional pension systems could be helpful, but Boston College research suggests change is needed quickly.

Moody's Investors Service is calling California's pension reform plan a positive development for the state and local governments.

The best advice for retirement advisors? Ride out the current wave of election-time uncertainty and focus on a more positive future.

Critics claim San Jose firefighters and police are using a disability loophole to receive pension funds and early retirement.

The bulk of the projected savings in the public pension reform deal announced by Calif. Gov. Jerry Brown won't be felt for decades because most of the proposed changes will affect government workers who have yet to be hired.

Jerry Browns plan to limit benefits and raise the retirement age angers union critics, and infuriates reformers who said the changes don't go far enough.

With election politics in play, Gov. Jerry Brown on Tuesday announced systemic reforms to save billions of dollars in California's underfunded pension systems but dropped key changes he had sought to avoid a showdown with labor allies.

The insurance industry continues its fight against the California proposal, which seeks to largely replicate private-sector offerings under state control.