Posts Tagged ‘public pension systems’

Why Worry? CA Pension Shortfall Just $500 Billion

Saturday, April 10th, 2010

Tom Meyer this week casts his jaundiced eye on the spectacle of California’s three big public pension systems, which were reported in a Stanford study to have a collective shortfall of $500 billion, more than six times the value of California’s bonds and multiple times the amount previously reported.

Given the magnitude of the problem, not to mention the blind eye California officials seem to have on the issue, we think Meyer was remarkably restrained in holding his violent streak in check.

Update: On the other hand, The Oracle of Cruickshank over at Calitics argues that the numbers in the Stanford study are overblown.