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How Three Contra Costa Cities Avoided the Doomsday of Pension Plans
Contra Costa Times 
Sept. 10, 2012 "If you've kept up with the hand-wringing over public pension plans, you know California is doomed. It someday will break apart from North America and slide to the bottom of the ocean under the weight of unfunded liabilities.... [The] state's pension debt is $257 billion, or $20,700 for every household in the state.... [But] three California cities are operating free of such concerns. They are unencumbered by pension debt, pay for retirement liabilities as they go, and are staffed by seemingly satisfied employees. All three are in Contra Costa County: Lafayette, Danville and Orinda." MORE >> |
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