• HOME :
  • NEWS :
  • DESPITE SURPLUS CLAIMS, CALIFORNIA CAN’T FUND PENSIONS

Despite surplus claims, California can’t fund pensions

JUNE 25, 2019 | by Alice Salles | THE EPOCH TIMES

“… Despite this, Weinberg added … ‘Unfortunately, when elected officials claim their government has a surplus many people believe the government has extra cash available to spend. The reality is, while the state is projecting it will take in more money than it spends this year, the state still has hundreds of billions of dollars of unfunded pension and retiree health care liabilities and state bonds.’ …”

VIEW LESS