There are two numbers you need to know about the state of Ventura County’s $2.3 billion budget — 87.8 percent and $150 million. The 87.8 percent is the funded level for the county’s pension obligations, a number that is within the range of full funding and well ahead of CalPERS current level of 70 percent. Read More →
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By Tony Biasotti / Friday, May 18th, 2018 / Latest news / Comments Off on Pension costs forcing tri-county cities to make cuts
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This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
UC Santa Barbara and six other universities announced the formation of the nonprofit organization Alliance for Southern California Innovation on June 22. Led by former California Insurance Commissioner Steve Poizner and a board of directors including UCSB physics professor and vice chancellor for research Joseph Incandela, the group will work to support tech entrepreneurs and Read More →
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Maybe it’s time to get real. The idealized view of America that brought about the populist revolution in the November election is not going to come back. Going back to 1970s or 1980s work rules would mean shackling millions of workers to jobs that offered little mobility, bare-bones pensions without inflation protection and uncertain prospects Read More →