Home -> Law Blog Directory -> Religion & Law Blogs -> Constitutionally Correct

Religion & Law

: Constitutionally Correct

Study: California faces $379 billion retirement liability

By Alliance Alert

Adam Summers writing at the Reason Foundation: "A new study released by the Foundation for Educational Choice and the Pacific Research Institute estimates California's unfunded liability for state (CalPERS and CalSTRS) pensions and retiree health care at $379 billion. This includes $327 billion in unfunded pension obligations?more than four times the $75.5 billion obligation the state publicly admits to?and $52 billion in retiree health-care liabilities. The total shortfall is more than five times the amount of existing state debt outstanding."

Full post as published by Constitutionally Correct on October 08, 2010 (boomark / email).