California's Public Pension Crisis An Interview with Sr. Fellow Lawrence McQuillan
Posted: Mon. June 8, 2015
Senior Fellow Lawrence McQuillan, author of California Dreaming, appears on KFIV radio in Modesto. McQuillan discusses the man-made financial tsunami that is threatening California: the underfunded public employee pension system. The crisis threatens to bankrupt the state unless it reforms its pension system to a 401k-style contribution plan, that is common in the private sector. McQuillans plan will not effect current retirees, but would reform the system over decades to avoid a catastrophe.
Recorded: Fri. June 5, 2015
Experts: Lawrence J. McQuillan
Issues: Economic History and Development (U.S.), Regulation and Deregulation, Taxes