Median pension costs for local governments in California rose at a rate nearly six times that of local agencies nationwide between 2007 and 2016, according to data released by a UC Berkeley professor. Read More …
The city of San Luis Obispo’s budget has more than doubled from approximately $100 million to more than $200 million over the last eight years. Read More …
Court filings issued by the California Governor’s Office indicate Gov. Jerry Brown supports the idea of the state reducing certain pension benefits of current public workers, not just those of future Read More …
When factoring in upcoming changes in the state retirement system as well as a lingering liability on its books, the city of San Luis Obispo is approaching a total of $190 million in unfunded pension liabilities, an amount city leaders consider stable. Read More …
Over the past 15 years, the city of San Luis Obispo’s unfunded pension liabilities have gone from $0 to nearly $150 million and rising. And with SLO’s annual payment to the California Public Employee Retirement System Read More …