Tag: Gabe Engeland

City of Sierra Madre Reduces CalPERS Pension Obligations
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City of Sierra Madre Reduces CalPERS Pension Obligations

CalPERS pension obligations have increased dramatically for local governments in California in recent years. The rapid growth in unfunded pension liabilities has caused many local governments to increase taxes or slash services which are vital to communities. Sierra Madre has chosen a more responsible path to managing its pension obligations by reducing government spending, while…

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