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California government retirement plans are more than 50% underfunded

California government retirement plans are more than 50% underfunded

. By David Schwartzman California is failing its employees and its citizens. Documents show that the state and local governments in California do not have enough money saved up to pay for the retirement of its current employees. The California Public Employees’ Retirement System (CalPERS) is facing future insolvency. These findings come from the 2015 CalPERS […]