Pension applications rise in Contra Costa County

March 28, 2011 1:32:47 PM PDT
In Contra Costa County, pension applications this month are twice the normal average for March.

The wave of retirement applications is due to the expected pay and benefit cuts to county unions. An employee's pension is based on how much he earned in his last year of work, so many workers are opting to take their pensions before pay cuts go into effect next year.

Wednesday is the final day for applicants to file retirement paperwork.

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