By applying a “risk-free discount” rate to accrued liabilities, this study estimates the combined shortfall for CalPERS, CalSTRS and UCRS to be roughly $425 billion as of June 30, 2008. With recent market losses, the combined shortfall could be over half a trillion dollars.
Read the Full Report Here
Print This.
Read the latest state and local pension reform proposals.
Stakeholders, taxpayers and experts are invited to comment.
Should public employees earn the same retirement benefits as employees of large private companies? Continue reading
Should public employees earn the same retirement benefits as employees of large private companies? Continue reading