
Study Finds CA Pensions Drowning State/Local Taxpayers
This just in from our friends at the Foundation for Educational Choice, who will be holding a press conference today on this subject at 11:30 near the State Capitol (send an email here to get details)…
California’s public retirement systems are more than three times underfunded than state officials projected, a total of $326.6 billion when combining the state’s teachers’ and public employee programs, according to a new study released today by the Foundation for Educational Choice. [You can see a .pdf of the study by clicking on the link at the bottom of this post.] Meanwhile, in Los Angeles, San Francisco, San Diego and Orange County, local pension systems… Read More