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California Dreaming : Lessons on How to Resolve America's Public Pension Crisis
(eBook)
Author
Published
[Place of publication not identified] : Independent Institute, 2015.
Physical Desc
1 online resource (160 pages)
Status
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Format
eBook
Language
English
ISBN
9781598131901
Notes
Description
California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make. --Provided by publisher.
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Citations
APA Citation, 7th Edition (style guide)
McQuillan, L. (2015). California Dreaming: Lessons on How to Resolve America's Public Pension Crisis . Independent Institute.
Chicago / Turabian - Author Date Citation, 17th Edition (style guide)McQuillan, Lawrence. 2015. California Dreaming: Lessons On How to Resolve America's Public Pension Crisis. Independent Institute.
Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)McQuillan, Lawrence. California Dreaming: Lessons On How to Resolve America's Public Pension Crisis Independent Institute, 2015.
MLA Citation, 9th Edition (style guide)McQuillan, Lawrence. California Dreaming: Lessons On How to Resolve America's Public Pension Crisis Independent Institute, 2015.
Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.
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Grouped Work ID
c3c267da-838a-2cd5-0cfe-0d421de6c98a-eng
Grouping Information
| Grouped Work ID | c3c267da-838a-2cd5-0cfe-0d421de6c98a-eng |
|---|---|
| Full title | california dreaming lessons on how to resolve americas public pension crisis |
| Author | mcquillan lawrence |
| Grouping Category | book |
| Last Update | 2024-01-22 10:40:03AM |
| Last Indexed | 2024-04-27 06:19:16AM |
Book Cover Information
| Image Source | contentCafe |
|---|---|
| First Loaded | Apr 5, 2023 |
| Last Used | Nov 28, 2023 |
Marc Record
| First Detected | Apr 20, 2022 01:36:59 PM |
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| Last File Modification Time | Jan 22, 2024 10:43:57 AM |
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| 520 | |a California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make. --Provided by publisher. | ||
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