Stanford Report: California Public Pension Debt Up 19% to $964.4 Billion

The latest report from Stanford University’s “U.S. Pension Tracker” reveals that the 2016 California Public Employee Pension Plan liability is up 19.4 percent to $964.4 billion. CalPERS pension debt on a per household basis jumped $15,048 to $92,748 for the fiscal year ending June 30, 2016. Despite the grim number, Alaska actually won this year’s booby prize for the largest public debt per household at $110,538 -- More...

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