Editorial: Schwarzenegger was right

From the Sacramento Bee:

Schwarzenegger was on the right track with his pension reform, limiting new public employees to defined-contribution plans, rather than cost-be-damned defined-benefit plans, to produce some stability in taxpayers' burden. It was widely condemned as "privatization" to tie it to President Bush's controversial Social Security overhaul, but in fact the administration said that the new plans could be administered by CalPERS and other pension systems, not private firms.