“The pension system is a time bomb – I’ve brought this up many times. However the problems with the pension system do not impact the current budget. (It’s just our children that will bear this massive burden.)”
pRI-
“In the governor’s proposed budget, the state payment to CalPERS increases from $3.8 billion to $4.1 billion, CalSTRS from $1.3 billion to $1.4 billion, and retiree health care from $1.4 billion to $1.6 billion”
This does impact the budget and now it is impacting the State even more:http://calpensions.com/
