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West Covina faces shrinking reserves and growing liabilities. Its mayor responds that it is working on solutions, but the pandemic challenges its efforts.
December 3 -
As state and local governments work to apply the California Supreme Court’s rulings, they are also bracing for the next wave of litigation.
November 30 -
Gov. Albert Bryan Jr. is working with the territory's lawmakers on an internet sales tax and other revenue ideas to avoid a 42% pension benefit cut on Jan. 1.
November 19 -
The state's backlog of unpaid bills will grow to $35 billion by 2026 if it doesn't make any structural budget fixes, according to a new forecast.
November 17 -
Manhattan Institute recommendations include paring back “unusually generous” benefits and transitioning new employees toward a defined-contribution system.
October 16 -
In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.
September 30 -
Recent orders from the California Supreme Court in public pension cases indicate litigation on the matter has not ended.
September 28 -
Moody's cited high leverage and fixed costs attributable to the city's pension and other post-employee benefit plans. Voters decide on new bonds in November.
September 4 -
The structure in which bonds are backed by a lease of city streets is being used in the Southern California cities of Torrance and West Covina.
August 20 -
As teachers in some states return to classrooms, pension actuaries weigh the impact that the coronavirus could have on pension funds
August 17