February, 2018

20
Feb
2018

City of Escondido Maps Out Pension Liability Plan

Categories: California Developments,PARS In the News,Pension Rate Stabilization

To combat the unfunded pension liability, the Escondido City Council approved a Section 115 Irrevocable Pension Trust, along with pension funding options and a policy on the use of one-time money. An initial deposit from the Reserve for PERS Rate Smoothing is required to fund the program. Escondido follows in the footsteps of 128 other public agencies in implementing the PARS Pension Rate Stabilization Program.

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