LAO Videos
Public Retirement Benefits, Options for the Future February 10, 2011
View companion slides for this video: Public Retirement Benefits: Options for the Future Slides.
Public Retirement Benefits, Options for the Future February 10, 2011
In this 15-minute video, LAO State Finance Director Jason Sisney describes why public employee retirement costs have risen substantially in recent years for California governments and the Legislature's options for creating new types of retirement benefits for future state and local employees. At the same time, as Sisney discusses, the Legislature may have to identify new funding soon to address substantial unfunded liabilities in the teachers' and University of California retirement systems, among others.