[tx_eggman]

California's public pension systems have set aside money to cover 89 percent of their pension obligations. Otherwise, the $63.5 billion figure would be larger, the Public Employee Post-Employment Commission said Monday.

So $63.5 billion is just 11% of their total pension obligations ... that $577 billion total.

How many people are on the government pension dole in la la land? If its a half million people that's over $1 million per ... where can I sign up

[ThisLittleLightofMine]

Seems like they’d be better off to offer them a lump sum payoff.

[sailor4321]

They could reduce it substantially by reducing benefits for future service, but of course they won’t do this. The easiest way out would be to just do away with Prop 13. Imagine the billions, possibly trillions, of dollars of untaxed value sitting there waiting to be looted!