Unsustainable Government Pensions

Frankly, I don’t know if there is ever a ‘Day of Reckoning’ for government-related ‘mis-economics’, particularly when it is related to employee pensions.  However, there is a pertinent court case emerging in California:

The California Supreme Court has agreed to hear a Northern California “pension spiking” case that has major implications for pension financing and reform efforts throughout the state, setting up a showdown over whether pensions may be reduced for existing government employees.

Source: Public pensions facing day of reckoning?

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.