In Massive Blow To California Unions, A Second Court Rules That Pension Benefits Can Be Reduced

http://www.zerohedge.com/news/2017-01-04/second-california-court-rules-pension-benefits-can-be-reduced

"While a public employee does have a 'vested right' to a pension, that right is only to a 'reasonable' pension — not an immutable entitlement to the most optimal formula of calculating the pension."