“Just as the overseer of Detroit lied to the public about Detroit’s unfunded pension liability, these extremists are likewise lying to the taxpayers of Orange County, and they’re following his playbook.” – Jennifer Muir, Communications Director, Orange County Employees Association
We’re not lying, Jennifer. We’re not even stretching the truth.
What government union spokesperson Muir is referring to is an analysis released last week by the California Public Policy Center entitled “Are Annual Contributions Into Orange County’s Employee Pension Plan Adequate?”
They aren’t adequate. They aren’t even close to adequate. No lie.
The problem with pensions, unfortunately, as Teri Sforza aptly put it in her coverage of the CPPC study on September 10th in the Orange County Register, is“the nature of America’s public pension systems is to peer 20 to 30 years into the future – and the crystal ball can get a bit… Read More