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Articles Tagged With ‘unfunded pension liability’




Has SLO gotten a grip on its pension problem?

Written on 4 Nov, 2014 in Featured, Uncovered SLO | 11 comments

By JOSH FRIEDMAN Ahead of Tuesday’s vote on San Luis Obispo’s half-cent sales tax, state pension reports have emerged indicating that the city’s unfunded liabilities have decreased slightly, but its annual retirement costs will likely rise by several million dollars... (Continue reading)

County pension liability tops $346 million

Written on 23 Jul, 2014 in Featured, Uncovered SLO | 72 comments

By DANIEL BLACKBURN San Luis Obispo County employees’ pension plan has a $346 million unfunded liability, a matter of concern to the Grand Jury because of its breathtaking size and the suggestion that officials may have tried to camouflage the... (Continue reading)

Will SLO issue a pension obligation bond?

Written on 17 Apr, 2014 in Featured, Uncovered SLO | 37 comments

By JOSH FRIEDMAN Chances are growing that the city of San Luis Obispo will issue a pension obligation bond to gain control of its unfunded retirement plan liabilities, which have soared past $100 million. The city currently has a total... (Continue reading)

SLO pension liabilities skyrocketing

Written on 6 Jun, 2013 in Featured, Uncovered SLO | 38 comments

By JOSH FRIEDMAN In a span of ten years, the city of San Luis Obispo has gone from having no pension debt to becoming more than $100 million in the red in its retirement benefit plans. Between fiscal years 2001-2002... (Continue reading)