The Golden State Pension “Trainwreck” is Coming

Published on
February 13th, 2020
35 minutes

The Golden State Pension “Trainwreck” is Coming

The Essential Conversation ·
Featuring Senator John M. W. Moorlach and Michael Green

Published on: February 13th, 2020 • Duration: 35 minutes

California State Senator, John Moorlach, joins Real Vision to discuss California’s looming pension crisis. Senator Moorlach explains to Mike Green of Logica Capital Advisers why CalPERS, or the California Public Employees’ Retirement System, is so massively underfunded. He discusses how the system has flooded into the equity market and made promises to its pensioners that it cannot possibly keep. Filmed on February 6, 2020, in Sacramento, California.