A Dec. 13 SIEPR report . . . titled 'Pension Math: How California's Retirement Spending is Squeezing the State Budget,' examined the state of three of California's public employee pension systems: [CalPERS]), [CalSTRS] and the University of California Retirement Plan . . . . The study concluded that debt on public pensions was larger than the state is currently reporting . . . . " (Stanford Daily)
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