Riverside County supervisors Tuesday signed off on a report indicating that county government’s unfunded pension liabilities are growing again, largely due to poor investment returns at the state level, meaning higher near-term costs to the county.
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RIVERSIDE (CNS) – Riverside County’s pension liabilities are taking the county “off a cliff” financially and it’s time to find solutions, a supervisor said this week, vowing to initiate efforts to address the matter before it gets worse. “We need fundamental changes,” Supervisor Jeff Hewitt said after reviewing the Pension Advisory Review Committee’s annual assessment […]
