CA Assemblywoman Exposes The Pension Endgame

California’s pension shortfall is admitted by everyone. “The California State Teachers Retirement Fund (CalSTRS) released a report earlier this week revealing a $64 billion dollar pension deficit, while the California Public Employees Retirement System (CalPERS) puts its unfunded pension liability at $49 billion dollars, plus billions more in state retiree health care benefits. The non-partisan Legislative Analyst’s Office has stated that the Governor’s budget does not adequately address Read more […]