The city is weighed down with debt, billions in unfunded pension obligations, declining credit ratings, a police department often accused of using excessive force against African - Americans, a rising tide of murders, and a host of other troubles. (fortune.com)
My issue with LBOs is the treatment of unfunded pension obligations. (wolfstreet.com)
Although unfunded pension obligations present an enormous challenge to Sacramento in the coming decade, a new survey of state retirement liability shows California in a far better position than many others nationally. (k-12daily.org)