As California's public retirement funds reel from losses of nearly $100 billion in recent years and lack enough cash to cover their long-term costs, thousands of state employees are collecting government pension checks along with their paychecks. http://www.latimes.com/news/local/la-me-double-dip9-2009oct09,0,834754.storyDoes anyone wonder why the State of California is in such dire financial shape. Here is why, its only millions compare to the billion dollar state budget, but it all adds up.
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