Will Public Pensions, Unions Destroy California? VB87

July 9, 2010No Comments


Orange County Supervisor John Moorlach tells Full Disclosure Network(R) that California’s Governor Arnold Schwarzenegger should set up one more commission before he leaves office to decide how to put California in to “Receivership”. OC’s unfunded public pension liability is $3.7 billion as of Dec. 31, 2009 The percentage funded is 68.8% dangerously below the recommended 85%

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