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Archive for October 21st, 2015

The Truth on Unfunded Pension Liability

Wednesday October 21st, 2015   •   Posted by K. Lloyd Billingsley at 9:07am PDT   •   0 Comments

In 1999, Dan Walters of the Sacramento Bee notes in a recent column, the California Public Employees’ Retirement System, “abetted one of the most irresponsible political acts in state history – a massive increase in public pension benefits.” CalPERS did this by telling legislators, “the benefit increase state worker unions were seeking could be…
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