Valley News -

By City News Service
Special to Anza Valley Outlook 

County's pension costs will crowd out funding for services


Last updated 3/3/2019 at 9:02pm

Riverside County’s pension liabilities now exceed $3 billion, and allocations to support the retirement system will steadily rise over the next decade, meaning less money will be available for public services, officials said.

The Pension Advisory Review Committee’s annual assessment of the county’s retirement assets and liabilities was at the top of the Riverside County Board of Supervisors’ agenda, and the 20-page PARC report said that since the prior fiscal year, the county’s unfunded pension gap had widened from just under $3 billion to $3.082 billion as of today.

The county...

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