How to Restore Financial Sustainability to Public Pensions

Last month the League of California Cities released a “Retirement System Sustainability Study and Findings.” The findings were not surprising. “Key Findings” were (1) City pension costs will dramatically increase to unsustainable levels, (2) Rising pension costs will require cities to nearly double the percentage of their general fund dollars they pay to CalPERS, and (3) Cities have few options to address growing pension liabilities. These findings corroborate the California Policy Center’s concurrent recent updates on the pension situation in California.

Research Studies

The California Policy Center is a 501c3 non-profit public charity. CA Corp. # 3295222. Federal EIN 27-2870463.
Copyright © California Policy Center 2017. All rights reserved. Developed by The Liberty Lab, Inc.
Yes! Please send me your weekly email with more articles like these.
NEVER DISPLAY THIS AGAIN.