With American pension plans losing more than $2 trillion in value over the last 15 months, Congressman George Miller said Wednesday that he is concerned that Californians increasingly will not be able to retire when they plan and when they finally do quit working they will have to live on a lot less.
The Martinez Democrat, who is chairman of the House Labor and Education Committee, spoke this morning on KTVU on the state of the economy and the many negative spin-off effects Americans are experiencing.