The Pacific Research Institute released a new study on California’s pension crisis. “California’s Pension Crowd-Out,” authored by PRI senior fellow Wayne Winegarden, Ph.D., is part of PRI’s California Prosperity Agenda, a 12-point plan to address California’s most pressing problems. “Pension Crowd-Out” reveals the flaws with the state’s current public pension systems; analyzes the severe budgetary impact on government services and the burden on California taxpayers; and provides potential reforms that could lessen the impeding adverse economic consequences.
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