Matt Welch Discusses California Pension Crisis on the Willis Report

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Matt Welch Discusses California Pension Crisis on the Willis Report

Reason Editor in Chief Matt Welch discusses California's recent move to offer and manage private sector retirement plans even though the state is still dealing with a public pension crisis on the Willis Report. Airdate October 12, 2012.

3 minutes.

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Comments

[Phil_EngAmer]

Pension liabilities have never been more volatile. Public unions and politicians are ignoring reality and creating pension deals based on wildly unrealistic economic predictions (), and it's coming back to hurt everyone, taxpayers most of all (http://on.wsj.com/qB3BON). Until unions and politicians accept reality, this problem will continue to fester.