Schwarzenegger backs off pension plan
By John Hill -- Bee Capitol Bureau
Published 12:06 pm PDT Thursday, April 7, 2005
Gov. Arnold Schwarzenegger on Thursday backed off his plan to overhaul the public pension system this year.
The Republican governor, whose plan to shift public pensions to a 401(k)-style plan for employees hired in 2007 and beyond, had been battered by critics, said he would try again next year barring a legislative agreement.
"Let's pull it back and do it better," the governor said in a surprise news conference at the Capitol.
The move represents a huge political defeat for Schwarzenegger that illustrates the perils of governing by initiative. ..
http://www.sacbee.com/content/politics/story/12686580p-... RETREAT
ArnoldWatch.org (4/7/05) -- Arnold showed the first sign of waving his white handkerchief today when he announced at a press conference he would not go forward in 2005 with his proposal to gut the pension protections of cops, firefighters, nurses and other public employees. With negotiations between the Gov and Dems going hot and heavy in the state house over redistricting plans, it seems like the house of cards that is Arnold's special election is about to fall down all around him. If legislative leaders play their cards right, it will be Arnold who looks like the Joker.
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