Lawrence McQuillan: Day of Reckoning for Public Pensions Underway

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Generous benefits, unrealistic return assumptions, and extremely low interest rates are combining in a perfect storm against large public pension funds, says Lawrence McQuillan, author of the must-read book, California Dreaming: Lessons on How to Resolve America's Public Pension Crisis. In today's podcast, Lawrence explains how this problem is getting worse, what needs to be done to stop it, and what will happen if we don't.

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Related links:
Calpers Earns 0.6% as Long-Term Returns Trail Fund’s Target
Why the Dot-Com Bubble Is Key to Understanding California’s Growing Public Employee Pension Debt
Public Pensions Facing Worst Returns Since Recession
US State Public Pension Unfunded Liabilities to Hit $1.75 Trillion: Moody's

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