Great piece by David Osborne in the LA Times of late January, with more factual insight on the unfunded pension obligation problem. Most private sector employees have defined contribution retirement plans, not the defined benefit plans that members of the unions enjoy. Remember that, all you nurses, plummers, construction workers, financial analysts, sales people, and small business owners, etc., when your state comes to you to raise your taxes to fill in the unfunded pension gap! What this means is that taxpayers are asked to bear the financial risk, not only of their own retirements, but that of public sector employees such as union teachers as well. Remember that, too, the next time you read about a teacher’s strike.
https://www.latimes.com/opinion/op-ed/la-oe-osborne-charter-schools-20190128-story.html