Tuesday, July 31, 2012 – 01:00 p.m.

Will San Bernardino County Supervisors send two pension reform measures to the November Ballot?

Probably not?

Why? Egos and ineptitude.

With retirees and active members starting to pay attention to a mounting shortfall in the county pension system, county supervisors appear poised to possibly do nothing, or very little, to help its sinking pension fund.

Even county’s unions appear oblivious as well.

The San Bernardino Public Employees Association (SBPEA), which represents the lions share of county employees, is threatening legal action over the county not meeting and conferring with them, even though they have refused.

All the law requires is that the county attempt to meet an confer before placing any measure on the ballot for voter consideration.

The county has been trying to meet and confer with SBPEA for over a year. But that’s beside the point. Right!

Then we have the San Bernardino County Safety Employees Benefit Association (SEBA).

SEBA has been in negotiations with the county for the most part of a solid year.

When county supervisors starting bringing up the prospect of pension reform, Chief Executive Greg Devereaux ran to SEBA with an offer yielding de minimis savings ($5 million) to the county.

A far cry from what supervisors were told the county needed to achieve, and if the union doesn’t take it they’re crazy.

Why did he do that?

Because he wants the power to squeeze the unions over retirement reform and any charter amendment would take that option away.

Yes it’s commonly know as being shortsighted.

The most ridiculous part of the whole sequence of events? County supervisors didn’t even know about the offer.

Yes, it’s typical San Bernardino County dysfunctional government at its best.

The county pension fund has an estimated current unfunded liability of over $2 billion. Add to that the almost half billion dollars of pension obligation bonds the county has under debt service and you have a recipe for serious problems.

Should investment markets under-perform this current fiscal year, which is likely, the pension hole could easily surpass $3 billion.

Keep in mind the fund has roughly $6.1 billion in assets.

But then again does anyone care.

It seems greed and gamesmanship appear to be in control here.

Bu,t with an California electorate that polling shows is growing increasingly anti-union, it’s going to be an interesting discussion.