Study: California Public Pensions Underfunded by Over $500B
April 06, 2010 Filed in: Unions
California Healthline California's three major public pension
funds are underfunded by more than half a trillion dollars,
according to a
report released Monday, the San Jose
Mercury News reports. Gov. Arnold Schwarzenegger (R)
commissioned the study, which was prepared by graduate students at
the Stanford Institute for Economic Policy Research…