He pushed for a less - generous pension package for newly hired workers, which will reduce burdens in the long term, and a system that lets municipalities amortize their payments to get through a current spike. (politico.com)
Typically, teachers have perks like excellent healthcare and pension packages which aren't counted as «income.» (californiapolicycenter.org)
Critics also pointed out that the plans will create greater discrepancies between the retirement date for public sector workers, many of whom will still retire at 60 with lucrative pension packages, and other workers who will have to wait much longer to receive their basic state pension. (dailymail.co.uk)