Public employee pensions are a hot topic around California, and in Camarillo it’s no different.
The California Public Employees’ Retirement System, or CalPERS, is lowering its expected rates of return, meaning public agencies will have to pay more to cover their employees’ pensions.
In the City of Camarillo, which has funded only about 70 percent of the money it will owe current and former workers, council members are taking extra steps to pay down $30 million in unfunded liability.
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