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Archive for September 15th, 2015


Tuesday September 15th, 2015   •   Posted by K. Lloyd Billingsley at 5:42am PDT   •   0 Comments

As Lawrence McQuillan has observed, unfunded pension liabilities have soared to $4.7 trillion nationwide, and California accounts for $550 billion to $750 billion of the total. CalPERS, the Golden State’s biggest public pension fund, has authorized 99 types of special payments that count in pension calculations, but the only one that drew any objection…
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