Pensions and the CalPERS Time Bomb

If you are the average taxpayer living in the average California small city, chances are pretty good you know very little about local politics, can name a city council member or even care where city hall is located. Chances are even greater you have no interest in dull topics like Unfunded Liabilities, CalPERS or public employee compensation packages. Well in the next few years, whether you like it or not, you will know a lot about these topics as very few issues will have a greater direct impact on your wallet and safety than these.