California Dreaming: Lessons on How to Resolve America's Public Pension Crisis

by Lawrence J. McQuillan

Book Overview

California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not...

• Format: Paperback
• Language: English
• ISBN: 1598131893
• ISBN13: 9781598131895
• Release Date: May 2015
• Publisher: Independent Institute
• Length: 160 Pages
• Weight: 1.35 lbs.
• Dimensions: 0.6" x 5.9" x 8.9"