You May Be On The Hook For Public Pensions If CalPERS Goes Down

Concern about public pensions in California continues to grow, as many wonder how the state will be able to pay for retirement and health benefits as employees age out of their job.

While you may not be part of a public pension pension plan, should anything happen to the funds which are responsible for payout of those retirement benefits, like CalPERS and CalSTRS, you and other taxpayers would be on the hook.

On Monday CalPERS Marcie Frost joined John McGinness on News 93.1 KFBK to discuss public pensions in greater detail.

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