June 29, 2022
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Tag: pension system Ponzi scam

Senator John Moorlach (Kevin Sanders for California Globe)

Cal Pension Systems are Headed to BK but Not Due to C-19 Losses?

May 11, 2020   6:35 amMay 11, 2020   8:57 pm
‘In 1999, most government pension plans were 100% funded. With a 50% increase in liabilities, they instantly became two-thirds funded. And, for the last 20 years they are still two-thirds funded!’ – Sen. John Moorlach State Senator John Moorlach (R-Costa...
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