The fight over public pensions in California is almost exclusively described as a dispute between people worried about tax hikes and public servants wanting to get paid what they were promised. But this is only part of the pension story — one focused on the “liability” side of the balance sheet.
David H. Webber,
Op-Ed: California’s most powerful voice on Wall Street? Its pensions
Los Angeles Times
Available at: https://scholarship.law.bu.edu/shorter_works/136