Link: https://patch.com/california/lakeelsinore-wildomar/rivcos-unfunded-pension-gap-closes-report
Excerpt:
It noted the county’s retirement apparatus is now 76.4 percent funded, compared to 71 percent a year ago. The key metric that reflects a sound pension system is considered 80 percent funded status.
The county’s unfunded pension gap is $2.24 billion, compared to $2.49 billion estimated in the prior year, according to PARC.
Publication Date: 1 Mar 2022
Publication Site: Patch.com