California Pension Plans are in Big Trouble
April 07, 2010 at 14:32 PM EDT
Which is the bigger story: That an independent study just discovered California’s public pension systems are short half a trillion dollars…or that no one cares? A study commissioned by Arnold Schwarzenegger announced yesterday that just the three largest CA pension funds, which will “benefit” over 2.6 million public employees, are underfunded by [...]