Public Employee Pension and Retiree Health Costs in California
Original post made by Stacey, Amberwood/Wood Meadows, on Nov 17, 2009
The Bottom Line
- Huge retirement liabilities and rising retirement costs at both the state and local levels
- For most California governments, no plan to address OPEB liabilities
- California's public finances already are severely strained
- These liabilities will put further pressure on public finances for years to come
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