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Articles Tagged With ‘unfunded pension liability’




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)