Public-employee pensions face a rollback in Calif. | General Headlines | Comcast
Voters in San Diego and San Jose, the nation's eighth- and 10th-largest cities, overwhelmingly approved ballot measures last week to roll back municipal retirement benefits and not just for future hires but for current employees.
From coast to coast, the pensions of current public employees have long been generally considered untouchable
State and local governments may have $3 trillion in unfunded pension liabilities, and seven states and six large cities will be unable to cover their obligations beyond 2020, Northwestern University finance professor Joshua Rauh estimated last year.
Welcome to reality and the real world,you will see more of this as local governments financially fail
Voters in San Diego and San Jose, the nation's eighth- and 10th-largest cities, overwhelmingly approved ballot measures last week to roll back municipal retirement benefits and not just for future hires but for current employees.
From coast to coast, the pensions of current public employees have long been generally considered untouchable
State and local governments may have $3 trillion in unfunded pension liabilities, and seven states and six large cities will be unable to cover their obligations beyond 2020, Northwestern University finance professor Joshua Rauh estimated last year.
Welcome to reality and the real world,you will see more of this as local governments financially fail