Steven Greenhut: Pension Problems Have Not Gone Away
“Other cities will likewise find limited ability to raise new revenues as CalPERS continues its plan to ramp up its bill for cities that participate in its pension plan. Yet Sacramento officials act as if the pension problem is gone. There’s hardly an issue legislators didn’t try to address in the recently concluded legislative session, yet nothing of substance to deal with growing pension debts. The good-government group California Common Sense confirms that the state’s unfunded pension liabilities continue to show a pattern of steady increases.”