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CalPERS: a looming disaster?

August 8, 2009

A debate between two pension experts on the LA Times opinion page.

I’ll let you read the short “debate”.  It is interesting to me that the “pro pension” person recognizes the coming baby boomer retirement bubble without recognizing that it was this same bubble that caused pension funds to appear healthier than they were in the past.

Government pensions are toast.  We over promised.  Simple as that.

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