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Download full textBuck, Stuart – Foundation for Educational Choice, 2010
California has promised its public employees lavish pensions and retiree health benefits without setting aside nearly enough money to pay for those benefits. As a result, California already admits to a $75.5 billion shortfall in paying for these promises to public employees--$40.5 billion for the teachers' retirement plan (California State…
Descriptors: Urban Areas, Budgets, Retirement, Costs
