- Written by
Administrator
- Posted May 2, 2010 at 9:17 am

10:00 PM PDT on Saturday, May 1, 2010
The Press-Enterprise
Riverside County needs to bring its lavish public pension system back in line with financial reality. The county faces growing costs for retirement benefits at a time when budget shortfalls threaten public services. Supervisors should make changes that create a more affordable system and ease the burden on taxpayers.
A new report from the county’s Pension Advisory Review Committee puts the county’s retirement plan in stark context. The county has to find an additional $800 million over the next 30 years to pay for its pension promises, including the $375 million the county still owes on a pension bond from 2005.
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