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Pension Reform Options for California Public Agencies
This article discusses how California’s pensions plans are dangerously underfunded and the aggressive reforms that are needed to save counties and cities from reverting to layoffs and reduced services. With the fear of another recession looming, local governments and public agencies need to plan ahead to consider how CalPERS’s unfunded liabilities will affect them and prepare to take steps now.
To read the full article, please view the Daily Journal’s website here.