Our View: California's Unseemly Public Pension System

Summary

---

Governer hopeful Meg Whitman, on a swing through the San Gabriel Valley last week, pegged California's looming unfunded public pension problem at a startling $182 billion, or about $15,000 per household.

But that very same day, a pension consultant told the Little Hoover Commission that when you look at local government as well as state employees' future retirements, the unfunded number is more like $325 billion, amounting to a $22,000 tab for every working adult in California.

See the full content of this document

Extract

---

Our View: California's Unseemly Public Pension System

So you read your studies and you take your pick. Whatever the real number is, and even as the public employee unions continue to say there's nothing to worr...

See the full content of this document

---