Posted March 16, 2017 9:14 am by Comments (1)

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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.”

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1 Comment on "California’s Pension Crisis Has Arrived – The American Interest"

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Bross

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

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