3 ms·
How much money would you consider to be a reasonable pension? LA's payment of pension obligations is 31% of their city budget. Many other cities see significant
by charleslmunger 9y ago
How much money would you consider to be a reasonable pension? LA's payment of pension obligations is 31% of their city budget. Many other cities see significantly more, and it's going to keep getting worse as more workers retire.
https://calmatters.org/articles/commentary-surging-pension-costs-push-california-cities-toward-bankruptcy/ https://calmatters.org/articles/commentary-surging-pension-c...