Don’t know about other cities

[The-Shoveler]

Don’t know about other cities and state pensions but the city of Los Angeles pensions are completely impossible to pay IMO.
With the most rosiest projections they are about 3 times the cities total annual revenue in defect.
If you use a more realistic investment return rate, the figure is probably nearer 8 times the total annual revenue.

http://www.reuters.com/article/2013/05/17/us-usa-election-losangeles-idUSBRE94G0A420130517

They better hope there is not another housing crash, that would about end it.