| Description |
1 online resource (162 pages) |
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text file |
| Contents |
Cover; Title Page; Copyright Page; Dedication Page; Table of Contents; Tables and Figures; Acknowledgements; Introduction; Section I: The Problems; 1: How are Defined-Benefit Pensions Calculated?; 2: How are Pension Funds Amassed?; 3: California's Massive Public Pension Unfunded Liabilities; 4: What are the Major Drivers of the Pension Problem?; 5: Why did Lawmakers Allow this Problem to Worsen and why have they not Solved It?; 6: The Immorality of California's Public Pension Crisis; Section II: The Solutions; 7: Why Offer Pensions at All?; 8: The Critical Elements of a Comprehensive Solution. |
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Section III: How a Comprehensive Public Pension Solution Benefits You9: The Fiscal Advantages; 10: The Moral Advantages; Index; About the Author; Praise for California Dreaming; Back Cover. |
| Summary |
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 refor. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
California -- Officials and employees -- Pensions.
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California. |
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Pensions. |
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Pensions -- Government policy -- California.
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Pensions -- Government policy. |
| Genre/Form |
Electronic books.
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| Other Form: |
Print version: McQuillan, Lawrence J. California Dreaming : Lessons on How to Resolve America's Public Pension Crisis. Chicago : Independent Institute, ©2015 9781598131895 |
| ISBN |
9781598131918 (electronic book) |
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1598131915 (electronic book) |
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9781598131901 (electronic book) |
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1598131907 (electronic book) |
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