California State Senator John Moorlach explains the most consequential issues that his state's pension system currently faces. The promises that were made to participants in the pension system were made in a time of significant growth, but the time to deliver on these promises is coming at a point where pension fund managers are struggling to maintain high enough returns. California's pensions have increasingly become underfunded--and Senator Moorlach sees its story ending in bankruptcy.
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The Biggest Problems Facing California’s Pension System (w/ Senator John Moorlach)
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