Pension Law
A $10.7 billion funding plan to continue federal transportation spending at the current rate through May 2015 has been offered by Republicans in the House Ways and Means Committee. The General Funds transfer would be offset by "pension smoothing."
Bloomberg News
The U.S Department of Labor is holding up the distribution of billions of dollars in transit funding destined for San Diego, Sacramento, Los Angeles and other California cities due to a new state pension law's impact on transit workers.
Los Angeles Times
