LEADER 02991nam 2200565 450 001 9910460385803321 005 20200520144314.0 010 $a1-59813-190-7 010 $a1-59813-191-5 035 $a(CKB)3710000000445900 035 $a(EBL)2077686 035 $a(SSID)ssj0001550998 035 $a(PQKBManifestationID)16166925 035 $a(PQKBTitleCode)TC0001550998 035 $a(PQKBWorkID)14811545 035 $a(PQKB)11173663 035 $a(MiAaPQ)EBC2077686 035 $a(Au-PeEL)EBL2077686 035 $a(CaPaEBR)ebr11076719 035 $a(CaONFJC)MIL848292 035 $a(OCoLC)913334638 035 $a(EXLCZ)993710000000445900 100 $a20150727h20152015 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCalifornia dreaming $eresolving the public pension crisis /$fLawrence J. McQuillan 210 1$aOakland, California :$cIndependent Institute,$d2015. 210 4$dİ2015 215 $a1 online resource (162 p.) 300 $aIncludes index. 311 $a1-59813-189-3 327 $aCover; Title Page; Copyright Page; Dedication Page; Table of Contents; Tables and Figures; Acknowledgements; Introduction; Section I: The Problems; 1: How are Defined-Benefit Pensions Calculated?; 2: How are Pension Funds Amassed?; 3: California's Massive Public Pension Unfunded Liabilities; 4: What are the Major Drivers of the Pension Problem?; 5: Why did Lawmakers Allow this Problem to Worsen and why have they not Solved It?; 6: The Immorality of California's Public Pension Crisis; Section II: The Solutions; 7: Why Offer Pensions at All?; 8: The Critical Elements of a Comprehensive Solution 327 $aSection III: How a Comprehensive Public Pension Solution Benefits You9: The Fiscal Advantages; 10: The Moral Advantages; Index; About the Author; Praise for California Dreaming; Back Cover 330 $aCalifornia's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly 430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six refor 606 $aPensions$xGovernment policy$zCalifornia 607 $aCalifornia$xOfficials and employees$xPensions 608 $aElectronic books. 615 0$aPensions$xGovernment policy 676 $a331.25/291351794 700 $aMcQuillan$b Lawrence J.$f1961-$0983003 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910460385803321 996 $aCalifornia dreaming$92243473 997 $aUNINA