The state auditor's office on Thursday added teacher pensions to the list of high-risk issues facing California government.Answer: it won't. It can't.
The report by State Auditor Elaine Howle added the nation's largest teacher pension fund because it can't meet the costs of retirement benefits beyond the next 30 years. The pension funding problem was added to a list of risks that also includes California's chronic budget deficit, unfunded retiree health costs and prison crowding.
Monday, August 22, 2011
Victim of a Lie
How is California going to pay me what it's promised?