Valley News -

By City News Service
Special to Valley News 

Riverside County's pension costs crowd out funding for services

 

Last updated 2/14/2019 at 7:33pm



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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