Tuesday, May 8, 2012 – 08:00 a.m.
San Bernardino County, Calif. – San Bernardino County’s budget woes are likely to worsen in the coming fiscal year as employee pension fund returns fail to not only deliver relief, but instead bring more pain.
The San Bernardino County Employees Retirement Association (SBCERA) has, to date, only generated a 0.6% return for its 2011-2012 fiscal year.