Workers See Human Cost Of Retirement Age Hikes

03/20/2012 05:48 pm ET

In state legislatures across the country, slashing the benefits and pension plans of public sector workers has come into bipartisan fashion. Even in the deep-blue states of California and New York, governors are leading pushes to cut the pensions and benefits packages won by public workers over the decades. The cuts take a variety of forms, including raising the level of employee contributions, lowering payouts, and replacing guaranteed plans with 401(k) accounts.

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