The Friedman Foundation For Educational Choice

Advancing Milton & Rose Friedman's Vision of School Choice for All.

Brief | Trouble Brewing in Orange County

Released: 10/6/2010

Author(s): Stuart Buck

Orange County will soon face enormous budgetary pressures from the growing deficits in public pensions, both at a state and local level. In this policy brief, I estimate that Orange County faces a total $41.2 billion liability for retiree benefits that are underfunded – including $9.4 billion for the county pension system and an estimated $30.8 billion share of unfunded liabilities for California state retiree benefits. These estimates are made by correcting the state and local pension plans’ figures, which use a too-optimistic assumption that their investments will grow by about 8% per year for the indefinite future.

Please Wait...

The ABCs of School Choice 2012 - Rising Tide

School Choice In Your State

Social Media

Invite a Speaker

Looking for a speaker on school choice? Try our National School Choice Speakers Bureau