MORE ON THOSE UNDERFUNDED / OVERGENEROUS PUBLIC PENSIONS: Calif. Gov. Jerry Brown To Seek Sweeping Pension Cuts. “Gov. Jerry Brown will propose sweeping rollbacks to public employee pension benefits in California, including raising the retirement age to 67 for new employees who are not public safety workers and requiring state and local employees to pay more toward their retirement and health care, according to a draft of the plan obtained Wednesday by The Associated Press.”