OUR OPINION: Pension costs can ruin cities and states | Grand Forks Herald | Grand Forks, North Dakota: "California faces unfunded public employee retirement benefits of somewhere between $300 billion and $1 trillion, a panel discussion at the Milken Institute’s State of the State Conference concluded in May."
---------
This op-ed says that the main problem with the State of California budget is public employee pensions, and the same is true of many local governments. The scale of this problem is terrifying, and not just in California.
No comments:
Post a Comment