News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Schwarzenegger targets California pension deficits

The annual cost to California's state budget for pensions rose from $160m (€120.7m) in 2001 to $2.6bn in 2006, a large portion of which has been spent paying off unfunded pension commitments.

The statistics were given in a statement issued by State governor Arnold Schwarzenegger.

WSJ Logo