NEWS: Pension costs make California agencies ‘do less with more,’ Berkeley professor says
Professor Sarah Anzia at UC Berkeley recently published a report analyzing the effects of high pension costs in California. In a policy brief published in conjunction with the report, she finds that raising pension costs are related to the loss of many local government jobs. This harms not only the public with lower staffed agencies, but also unions as the government cuts more jobs. Unless California can control its pension costs, which rose six times higher than the national average local government pension, we will be looking at a future with more government inefficiency.
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