tag:blogger.com,1999:blog-3498088266607942041.post2234874236728739125..comments2024-03-29T07:05:02.136-07:00Comments on Encinitas Undercover: Costa Mesa provides a window to Encinitas' futureEncinitas Undercoverhttp://www.blogger.com/profile/04071321730581304823noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3498088266607942041.post-67420193798482709462011-03-06T14:04:31.028-08:002011-03-06T14:04:31.028-08:00Annual pension cost for city staff, firemen, lifeg...Annual pension cost for city staff, firemen, lifeguards, and water district staff is around $3.1 million. The four plans are with the California Public Employees Retirement System (CalPERS). The value of the City's assets in the system is $40.5 million, but there is an accrued liability of $55.7 million. So there is an unfunded liability of $15.2 million. <br /><br />In other words the Cardiffianhttps://www.blogger.com/profile/10059084624085142188noreply@blogger.comtag:blogger.com,1999:blog-3498088266607942041.post-52183420079727267942011-03-06T12:37:03.611-08:002011-03-06T12:37:03.611-08:00I wonder what the current retirement obligation is...I wonder what the current retirement obligation is for the city of Encinitas? It has to be in the multi-millions already and climbing!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3498088266607942041.post-33070665905913372632011-03-06T12:35:08.577-08:002011-03-06T12:35:08.577-08:00A small group of people have classically entered t...A small group of people have classically entered the public arena and have feathered their own nests by lavish pension benefits and pay scales. Now as the communities across America melt down, the greater public is becoming aware of this inequity. Encinitas has 4 retirees that draw down nearly $500,000/year, and this city only incorporated in 1984! You can clearly see the financial disaster Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3498088266607942041.post-54414192798456396832011-03-05T14:34:47.045-08:002011-03-05T14:34:47.045-08:00Costa Mesa Retirement
Non-safety Staff
PERS 2.5% @...Costa Mesa Retirement<br />Non-safety Staff<br />PERS 2.5% @ 55 <br />Safety Staff<br />PERS 3.0% @ 55<br /><br />City of Encinitas Retirement<br />Non-safety Staff<br />PERS 2.7% @ 55<br />Fire<br />PERS 3.0% @55Leucadia Bloghttps://www.blogger.com/profile/07472245336854528366noreply@blogger.com