2. How much (Sor%) of this unfunded pension debt is California's? (2) What are the two biggest public pension funds in California? (1) Approximately how many State and local government workers are covered by Califomia public pension plans? (1) Which city in San Diego County is the only one in the State's worst 10 for percentage of unfunded pension obligations? (3) When did the City of San Diego pension underfunding begin and how did it begin? 5. (3 points) Provide one reason why pension boards seem to be short-term oriented rather than protective of the long-term health of their systems? D. GOVERNMENT BONDS DEBT FINANCING (28 POINTS) 1. (13 points) Describe each of the following bond types and what funds are used to pay back the bond holders (3) General Obligation (3) Revenue (3) Special 2. How much (Sor%) of this unfunded pension debt is California's? (2) What are the two biggest public pension funds in California? (1) Approximately how many State and local government workers are covered by Califomia public pension plans? (1) Which city in San Diego County is the only one in the State's worst 10 for percentage of unfunded pension obligations? (3) When did the City of San Diego pension underfunding begin and how did it begin? 5. (3 points) Provide one reason why pension boards seem to be short-term oriented rather than protective of the long-term health of their systems? D. GOVERNMENT BONDS DEBT FINANCING (28 POINTS) 1. (13 points) Describe each of the following bond types and what funds are used to pay back the bond holders (3) General Obligation (3) Revenue (3) Special