OPINION: Borenstein: CalPERS, unions deceiving public about pensions

CalPERS is claiming that the pension reform it has pushed for has made a difference. Daniel Borenstein, of the East Bay Times thinks differently, and that the pension reforms are dwarfed by the ever-increasing pension costs. Borenstein points out that once you have totaled state and local pensions, California is looking at upwards of $400 billion in unfunded liabilities.

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