03/20/2012 05:48 pm ET

Workers See Human Cost Of Retirement Age Hikes

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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