The statewide pension issue was a hot topic Monday at the Huntington Beach City Council meeting.
The council voted unanimously to have the city’s Intergovernmental Relations Committee consider proposed state pension reform legislation and bring the item to the council’s next meeting.
Councilman Billy O’Connell, who made the proposal, said CalPERS has increased pension costs, which has jeopardized the city’s ability to provide services to its residents.
“CalPERS has failed in [its] fiduciary responsibility, and this failure poses great risk to cities, our hard-working employees and the taxpayers who will ultimately foot the bill for CalPERS’ failures,” O’Connell read from a statement.
Friday, April 21, 2017
While Encinitas fiddles, other cities get serious about facing pension crisis