Saturday, May 16, 2009

The Six Figure Club

The Santa Rosa Press- Democrat editorializes this morning about the growing number of public employees retiring with incomes in the hundreds of thousands of dollars. Many retirement funds are short of money right now and, if the funds can't cover these retirements, taxpayers will have to pick up the tab.

I don't think these expenses are included in all the wrangling over the general fund budget, or are they? Either way, bad news. I mentioned before I'd be interested to see how our city and county retirement funds up here are doing.
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The Ukiah Daily Journal also reports on pension liabilities this morning. Looks like Mendocino County will be short millions in their pension funds.

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