Eureka's Pension Tsunami?
I can't find the earlier posts from a few years ago where I casually asked where Eureka and the county might stand in regards the public pension crisis that's caused some cities in the state to declare bankruptcy. With Eureka's city council working on purchasing bonds to fund their public employee pension fund, maybe we'll be able to find out soon?
Santa Rosa has a growing pension problem, according to the Santa Rosa Press- Democrat. There was also a commentary in the Press- Democrat yesterday suggesting Sonoma County is facing some serious problems with funding its pension plans as well.
It might be interesting to juxtapose City of Eureka's (and Humboldt County's) pension numbers with those of Santa Rosa and Sonoma County. I wouldn't be surprised if we're worse off. I won't be disappointed if I"m wrong, either.