November 30, 2011 | 4:57 pm
Gov. Jerry Brown’s proposal to overhaul public pensions in California may face legal hurdles and create some new costs, according to officials with the state’s two largest public retirement systems.
More detail about the governor’s 12-point plan is needed to answer a large number of questions, according to analyses by officials with the California Public Employees’ Retirement System, known as CalPERS, and California State Teachers’ Retirement System, known as CalSTRS.
The two reports, which said the plan could result in savings, were submitted to a legislative committee that is scheduled to hold a hearing on the governor’s plan Thursday afternoon at the Capitol.
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