Poll Predicts California's Next Big Crisis: Pension Plan Costs

Saskal, Rich
September 2004
Bond Buyer;9/14/2004, Vol. 349 Issue 31968, p28
Trade Publication
This article reports the result of a live opinion survey conducted at The Bond Buyer's 14th Annual California Public Finance Conference. According to conference-goers who participated in the poll, rising pension plan costs will be the next big crisis for California and its local governments. Those surveyed voted overwhelmingly 73% that rising pension and retiree health-care liabilities will be the next big crisis, well above the 18% who said power and water would be the next big problem. The poll's facilitator, Thomas McLoughlin of MBIA Insurance Corp., warned that Bond Buyer conference polls are not necessarily good political predictors, before offering up the evidence.


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