*Passed along courtesy of America's Party of California

The State Worker

California's three largest pension systems have promised $500 billion beyond their current ability to make those payments to retirees...

The Stanford Institute for Economic Policy Research issued the report, documenting what it claims is the state's deepening pension crisis. California Common Sense, an organization dedicated to engaging the public in "data-driven discourse" is also behind the report.

Read this story at blogs.sacbee.com ...