CAPITAL IDEAS: Pension reforms in peril if leaders don’t defend them

Unfunded public pensions threaten the fiscal solvency of states and localities across the country. And California is not immune.

Back in 2012, San Diego voters recognized the threat and overwhelmingly supported Proposition B, a set of pension reforms that is helping San Diego stabilize its long-term budget outlook.

Thanks to an unelected state board, these gains are now in peril.

Nothing contained in this blog is to be construed as necessarily reflecting the views of the Pacific Research Institute or as an attempt to thwart or aid the passage of any legislation.

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