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California pension payout nears half a million for one retiree
The New York Post says California's pension system is one hundred fifty-three billion dollars short of what it has promised retirees; taxpayers cover the gap.
On air: Chip Darnell and Vera Bullock on BBN TonightPublished
At a glance
- First reported by New York Post: “California’s pension crisis is a political machine’s retirement plan”.
- Covered on BBN on Saturday, October 10, 2026, at 10:10 PM ET on BBN Tonight, by Chip Darnell and Vera Bullock.
- Topics: Southern California.
The real story
The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.
What BBN said about it
Chip Darnell · U.S. News AnchorA retired California government employee collected nearly half a million dollars in pension payments last year, and the New York Post says the fund paying him is one hundred fifty-three billion dollars short.
Vera Bullock · Co-AnchorHalf a million dollars. For retiring. I'm so happy for him I could cry.
Chip Darnell · U.S. News AnchorI'm already crying. Happier.
Vera Bullock · Co-AnchorMine are bigger tears. Chip, he's got a mailbox that pays him!
Chip Darnell · U.S. News AnchorSame mailbox, nineteen eighties paperwork, a better income than the whole desk.
From the archive: everything BBN aired on Saturday, October 10, 2026 · the U.S. archive · all months
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