The pension crisis in California is no longer just visible in actuarial projections; it is starting to show up in government workers’ reduced benefit checks, which the state pension fund can no longer afford to pay in full.

Comment: Yet in Illinois, where the numbers are worse, full payouts continue and grow absurdly thanks to automatic 3% annual “COLAs.”

Read Article

Sort by:   newest | oldest | most voted
Bross

It’s hard to hear the sucking dry sound when their heads are stuck in the ground…

wpDiscuz