CA CAFR: pensions cost $27 billion, only 4% comes from the $600B ‘pension fund’

California’s 2011 Comprehensive Annual Financial Report (CAFR) shows a surplus of taxpayer assets of $600 billion dollars in cash and investments. The designation of $460 billion of this is for funding pensions, and listed on page 83. Pages 234-235 documents … Continue reading →

CA CAFR: pensions cost $27 billion, only 4% comes from the $600B ‘pension fund’ was originally published on Washington's Blog

Source: http://www.washingtonsblog.com/2012/06/ca-cafr-pensions-cost-27-billion-only-4-comes-from-the-600b-pension-fund.html

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