The City Council heard a sobering report from outside actuary John Bartel at its special meeting on Tuesday night this week. “I wore my Valentines Day tie, but that’s unfortunately the only good news I have here,” Bartel said. “Your contribution rate will not be going down. It will actually be going up in the future.” The council has had a number of presentations on the unfunded pension ...
[url=http://www.berkeleyside.com/2012/02/16/berkeley-faces-difficult-path-to-funding-pension-liabilities/]More...[/url]


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