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Retired Ventura County sheriff sues for supplemental pension

By   /  Friday, October 18th, 2013  /  East Ventura County, Law, Top Stories, Tri-County Economy, West Ventura County  /  5 Comments

Former Ventura County Sheriff Bob Brooks, whose $283,000 pension is among the largest of any retired government employee in California, is suing the county for a supplemental benefit that would pay him another $75,000 a year.

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SB County last in regional pension performance

By   /  Friday, August 23rd, 2013  /  Banking & Finance, Central Coast, Top Stories, Tri-County Economy  /  Comments Off on SB County last in regional pension performance

Thanks to rising U.S. and foreign stock markets, major public pension plans in the Tri-Counties exceeded expected investment return rates for the last fiscal year. But Santa Barbara County’s performance lagged far behind its peers. Ventura County Employees’ Retirement Association and San Luis Obispo County Pension and Trust saw net returns of 12.8 and 12.9 Read More →

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Editorial: Ventura County pension issues catch AARP’s eye

By   /  Friday, June 14th, 2013  /  Editorials, Opinion  /  Comments Off on Editorial: Ventura County pension issues catch AARP’s eye

Ventura County’s penchant for pension spiking has gone nationwide. It has caught the critical eye of AARP’s monthly bulletin, an influential publication seen by millions. We can debate the fairness AARP’s article attacking Ventura County, which is one of the better funded pension plans in the state. And, as the article points out, most who Read More →

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Editorial: Gov. Brown’s pension moves don’t go far enough

By   /  Friday, September 7th, 2012  /  Editorials, Opinion  /  Comments Off on Editorial: Gov. Brown’s pension moves don’t go far enough

The reforms themselves won’t fix California’s deep pension woes.

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Powers: Ventura County keeping close watch on portfolio

By   /  Thursday, March 15th, 2012  /  Banking & Finance, Latest news, Tri-County Economy  /  Comments Off on Powers: Ventura County keeping close watch on portfolio

Ventura County will closely monitor returns on its investment portfolio to make sure an 8 percent gain is reasonable, county CEO Mike Powers said in a March 15 talk. Speaking in Ventura at the quarterly California Lutheran University Corporate Leaders Breakfast, Powers said that while 8 percent has been a historically accurate return, constant monitoring Read More →

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Editorial: Pension tsunami ready to hit local governments

By   /  Friday, February 24th, 2012  /  Editorials, Opinion  /  Comments Off on Editorial: Pension tsunami ready to hit local governments

California’s ailing benefits system rests on three tottering pillars — the State Fund for worker’s compensation, unemployment insurance and public pensions.

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Op/ed: An open letter to Ventura County — True pension reform is long overdue

By   /  Friday, February 17th, 2012  /  Op/Eds, Opinion  /  2 Comments

Ventura County is clearly an outlier in its pension system and taxpayers are bearing the burden.

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