Opinion: EDC’s pension house of cards
By Larry Weitzman It was just reported that El Dorado County’s unfunded pension liability will exceed $300,000,000 by the close of the fiscal year of June 30, 2016. This number was extrapolated from the recently released numbers for the fiscal year ending June 30, 2015, by CalPERS, which stated that EDC’s unfunded liability totaled $282,029,540 […]
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