California’s pension problems are far from over

As much as politicians from across the state want to deny it, California’s pension problems are far from over.
The California Public Employees’ Retirement System paid out nearly $21 billion in pension benefits last year, according to Transparent California, a watchdog group that tracks and publishes data on public sector pay and pensions. That’s up 43 percent from 2012.
Citing CalPERS payout data from the fiscal year ending July 31, 2017, Transparent California noted that CalPE