Relevant:
- QE Adverse Side Effect #1: Corporate Pension Underfunding Hits Record $460 Billion Deficit, A $108 Billion Deterioration IN ONE MONTH
- Combined value of Detroit's most valuable art less than $2B, can't fix shortfalls
- US pension insurer runs record $34B deficit
- WSJ Reports New Jersey Pension Deficit at $54 Billion; Actual Deficit $174 Billion; Illinois, California, New Jersey Among Worst States
- N.J. Pension System Deficit Rises to $34.4 Billion
2009-12-16 — citywatchla.com
" The combined deficit of the City’s two major pension plans is $11.5 billion! This represents $8,200 for each and every household in Los Angeles, $7,200 for every registered voter, and about $40,000 for every person that voted. "
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