A Sour Surprise for Public Pensions: Two Sets of Books

"The plight of a tiny local retirement fund in California shows how some public pension plans are far less funded than their official numbers suggest." The following article from The New York Times examines one public pension system in California to explain how these particular plans could be severely underfunded.

Click the link below to read the full article:

Link www.nytimes.com/2016/09/18/business/dealbook/a-sour-surprise-for-public-pensions-two-sets-of-books.html?emc=eta1&_r=0
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A Sour Surprise for Public Pensions: Two Sets of Books 9/23/2016
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