Retirment

Furloughed California Workers

California Worker Furloughs Increase State’s Long-Term Costs

The state employee furloughs started under Gov. Arnold Schwarzenegger greatly increased the cash-out liabilities owed by California taxpayers when those workers leave government service.

03/14/2013

(CBS)

Stanford Study Finds $135.7B In California Government Pension Liabilities

A Stanford University think tank has found that two dozen local governments in California face a combined $135.7 billion in unfunded pension liabilities.

02/21/2012

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