Archive for September 30th, 2015

Class-Action Lawsuit Targets Taxpayers


Wednesday September 30th, 2015   •   Posted by K. Lloyd Billingsley at 11:58am PST   •   0 Comments

In California Dreaming: Lessons on How to Resolve America’s Public Pension Crisis, Lawrence McQuillan discovered that California accounts for $550 billion to $750 billion of the $4.7 trillion in unfunded pension liabilities nationwide. The biggest player is the California Public Employees’ Retirement System (CalPERS) which in 1999 assured legislators that its investment earnings would...
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