California Gov. Jerry Brown delivers a keynote address during the 2011 Pacific Coast Builders Conference on June 23, 2011 in San Francisco,
Gov. Jerry Brown has announced what he calls a "radical change" to pensions for hundreds of thousands of public-sector workers. Brown says the controversial compromise deal hashed out over the last year could save state and local governments $18 billion to $30 billion over the next three decades. But the California Public Employees Retirement System may not be able to crunch the numbers until after lawmakers adjourn for the year -- after they've voted on the overhaul. Reporter: Julie Small
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