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Public Pension Spending and Crowd-Out of Governmental Services in California, 2003-2030 (PDF)
Stanford Institute for Economic Policy Research [SIEPR]
Oct. 6, 2017 193 pages. "The case studies demonstrate a marked increase in both employer pension contributions and unfunded pension liabilities over the past 15 years, and they reveal that in almost all cases that costs will continue to increase at least through 2030, even under the assumptions used by the plans' governing bodies -- assumptions that critics regard as optimistic.... Pension costs have crowded out and will likely to continue to crowd out resources needed for public assistance, welfare, recreation and libraries, health, public works, other social services, and in some cases, public safety." MORE >> |
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