[quote=paramount]The pension liabilities in California are somewhere between 500 billion and 700 billion!
It’s called fleecing of the tax payers…[/quote]
Paramount,
Those payments do NOT come from the taxpayers. They come from the pension contributions from workers and their employers (as part of their compensation), and the rest (~70%, last I saw) comes from investment returns. The public has not had to spend a single cent on the pension funds in California (not any other state that I’m aware of, either, but don’t know enough about those pension funds to comment).
