California’s pension crisis is a political machine’s retirement plan

A retired California government employee collected nearly half a million dollars in pension payments last year. The system paying him is $153 billion short of the assets needed to cover its promises.

  Talk   Oct 11, 2026   0   22  Add to Reading List
California’s pension crisis is a political machine’s retirement plan












A retired California government employee collected nearly half a million dollars in pension payments last year. The system paying him is $153 billion short of the assets needed to cover its promises.
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