State lawmakers are pushing unnecessary public pension bills that would increase taxpayers’ costs and debt

State lawmakers are pushing unnecessary public pension bills that would increase taxpayers’ costs and debt

Recent stock market volatility and shaky economic conditions should remind policymakers that there are many scenarios where California’s public pension debt could grow significantly in the years ahead. California’s state-run pension plans already had $285 billion in unfunded liabilities at the end of 2023, according to Reason Foundation research, so it’s incredibly worrying to see lawmakers considering undoing pension reforms that save tens of b…