The state dips into pension funds to pay for their social programs ....
Liberals are totally to blame for ruining Detroit and California.
As bad as California is concerning under funded pensions, Illinois is worse. Just read it today, Illinois is number one. Go Illinois!
22% funded.
The Marxocrats ‘Cloward & Piven’ dream of Martial Law is just around the corner. They’ll beg a few million more illegals to barge into the State while they’re at it!
Get rid of the unions, get rid of the Democrats, get rid of all the U.N. stuff the State is doing, and get back to managing the State, and off the kick of buying votes for power.
Knowin’ it’ll never happen.
I personally know several mexifornia pensioners here in N. Idaho who moved here to escape the mess they helped to create. May be they can all become Walmart greeters.
We've banned plastic bags and there's a plan to build the bullet train to nowhere.
No worries.
Jerry's got this.
About 5 years ago, the Chief of Police of San Francisco General Hospital in ONE YEAR with overtime made $500,000.
His entire jurisdiction is the hospital.
Tax Nevada and Oregon to make up the difference.
Can’t wait to hear the spin from the dems when TSHTF over this! Just the few responses above expose a litany of mismanagement, deceptive practices and outright theft, will they try to blame it all on the Republicans? [++snark]
Unfunded? Underfunded? That’s not the only thing…
$115,555,121,750,381 US UNFUNDED LIABILITIES when I typed this…(check it out now…bottom lower right)
(YOU DID build this CONgre$$…see something, say something ALERT!)
Socialism Is Legal Plunder - Bastiat
Socialism is unsustainable.
Socialists are useless eaters.
(pay up debt slaves)
Cry me a river. Get the money from Detroit.
A fat pension so they can retire to Colorado and Texas to help turn the state blue is their reward for a lifetime of support.
What a shame................
Oh geee, the LA Times missed the seething anger and contempt 20 years ago, but they finally got the story...
Great job LAT!
Nothing gets by the LAT.
The time to prove fraud was during the hearings.
On that note, read years ago about the escalating percentage of firemen that retired on 100% disability increasing with time, to the point that most chiefs were on it. Chiefs do not run into building or do much to risk injury as far as I know, but they do know how to game the system.
In 2003 the interest rates were higher and I’m sure the actuaries didn’t dream of near zero interest rates into infinitum. That is not their fault imo.
Bending over backwards for the illegal invaders politically and financially is their fault however.
And cultivating an anti-business environment drove out multitudes of potential taxpayers, and that’s their fault as well.
Maybe they should hit up Hollywood for some bucks.
I would love to see government employees feeling the same pain as the rest of us.
As I work in the private sector, I have no concept of what it must be like to have a PENSION coming to me. Screw all of the politicians, the public employees unions, and everyone else responsible for taxing the crap out of me (who will likely be working into my 70’s) to pay for the pensions that these (mostly) useless public “employees” enjoy.
Taxpayers run bump