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State Pension Costs Skyrocket
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May 8, 2007
State Pension Costs Skyrocket
A new study by California's State Controller, John Chiang, finds that taxpayers will pay an additional $48 billion to cover health benefits for state government retirees over the next 30 years. Former State Assemblyman Dr. Keith Richman, head of the California Foundation for Fiscal Responsibility, believes the actual liability for state government pensions could be closer to $100 billion. Larry talks to Chiang and Dr. Richman about the financial burden facing California taxpayers.

A new study by California's State Controller, John Chiang, finds that taxpayers will pay an additional $48 billion to cover health benefits for state government retirees over the next 30 years. Former State Assemblyman Dr. Keith Richman, head of the California Foundation for Fiscal Responsibility, believes the actual liability for state government pensions could be closer to $100 billion. Larry talks to Chiang and Dr. Richman about the financial burden facing California taxpayers.

A new study by California's State Controller, John Chiang, finds that taxpayers will pay an additional $48 billion to cover health benefits for state government retirees over the next 30 years. Former State Assemblyman Dr. Keith Richman, head of the California Foundation for Fiscal Responsibility, believes the actual liability for state government pensions could be closer to $100 billion. Larry talks to Chiang and Dr. Richman about the financial burden facing California taxpayers.

Credits
Host, AirTalk
Host, Morning Edition, AirTalk Friday, The L.A. Report A.M. Edition
Senior Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Producer, AirTalk with Larry Mantle
Associate Producer, AirTalk & FilmWeek
Associate Producer, AirTalk
Apprentice News Clerk, AirTalk
Apprentice News Clerk, FilmWeek