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3038 Hennepin Ave Minneapolis, MN
612-822-4611
California Dreamin': Resolving the Public Pension Crisis

California Dreamin': Resolving the Public Pension Crisis

Hardcover

Business GeneralLaborPersonal Finance

Currently unavailable to order

ISBN10: 1598132431
ISBN13: 9781598132434
Publisher: Independent Institute
Published: Jul 1 2015
Pages: 192
Weight: 0.90
Height: 0.70 Width: 6.10 Depth: 9.00
Language: English
California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreaming explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.

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