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California's Pension Debt Puts It $175.1 Billion in the Red
The Sacramento Bee 
Mar. 21, 2016 "Controller Betty Yee ... noted ... that the debts for 'postemployment benefits' will jump again in the report for the 2017-18 fiscal year, when state retiree health care must be included under GASB's rules. Gov. Jerry Brown's proposed 2016-17 budget pegs unfunded health care obligations at $71.8 billion, and he has been negotiating new contracts with state labor unions that compel employees to begin paying down those costs[.]" MORE >> |
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