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Old 05-22-2016, 10:30 AM
 
Location: Paranoid State
13,044 posts, read 13,863,648 times
Reputation: 15839

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Yet another reason NOT to live in Irwindale



O.C. Watchdog: Unfunded pension debt approaching $1 trillion? - The Orange County Register


Quote:
So if you don’t live in Irwindale, rejoice: There, even when you look at it through rose-colored glasses, public pension liabilities equal $32,447 for each and every household in the city.

Slap on a skeptic’s glasses, and that load skyrockets to $134,907 per household.

Irwindale carries the heaviest pension load of more than 1,000 California public agencies whose data have been sliced and diced and posted for the world to see by the Stanford Institute for Economic Policy Research.
There has to be a way to stop this insanity.
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Old 05-22-2016, 01:40 PM
 
Location: Southern California
12,713 posts, read 15,529,606 times
Reputation: 35512
All 1,400 residents will be taking their pitchforks to the streets tonight in protest.
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Old 05-22-2016, 10:25 PM
 
Location: Ca expat loving Idaho
5,267 posts, read 4,180,221 times
Reputation: 8139
Pension articles terrify me and **** me off at the same time. Nobody knows what's really going on with those stupid govt unions. They can end up bringing Ca to it's knees
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