April 6, 2010California's $500-Billion Pension Time Bomb
| ||||||
![]() AP Photo The state of California's real unfunded pension debt clocks in at more than $500 billion, nearly eight times greater than officially reported. That's the finding from a study released Monday by Stanford University's public policy program, confirming a recent report with similar, stunning findings from Northwestern University and the University of Chicago. To put that number in perspective, it's almost seven times greater than all the outstanding voter-approved state general obligation bonds in California. Related Topics: California, budget RECOMMENDED ARTICLES
| ||||||