State Pension Debt Could Be Paid with Taxpayer Dollars

State Pension Debt Could Be Paid with Taxpayer Dollars | NBC 7 San Diego
"California’s pension liabilities are primed to rob the state’s piggy bank.
That’s the alarming claim coming from a new report by the right-leaning Pacific Research Institute (PRI) called California’s Pension Crowd-Out.
And it’s true, says UC Berkeley pension expert, Sarah Anzia.
“There is no doubt in my mind that this system is under serious pressure and that something is going to have to happen down the road to change things,” she said.
“This path we're on is unsustainable.”
...The costs he mentions are pension payouts and healthcare benefits owed to more than a million public workers in California.
Today, we’re about $170 billion short.
That’s equivalent to almost one-and-a-half times the state’s annual budget or $10,000 for every person living in California..."