Little Hoover pension report

In a re­port to Gov. Jerry Brown and law­makers, the non­par­tis­an Little Hoover Com­mis­sion warns gov­ern­ment work­ers have been prom­ised far more in re­tire­ment be­ne­fits than their pen­sion funds will have the cash to cov­er.

The re­port cites the be­ne­fit in­creases provided by scores of loc­al gov­ern­ments in the midst of the re­ces­sion as a prime ex­ample of poor fisc­al man­age­ment.