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CLAREMONT
--The city staff is asking
the council to appropriate $250,000 from the general fund for the rising
pension costs for sworn officers. The pension program was implemented
July 1 and the cost is estimated at about $740,000 which is $250,000
more than budgeted when the program was conceived. (Inland Valley Daily
Bulletin -- 07/07/03)
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Pension costs for
Ventura County
cities are soaring to heights not seen in two decades…some cities expect
employer contribution rates to rise as high as 35 percent of payroll. (Los
Angeles Times – 2/2/03)
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Mariposa County’s
pension bill will climb from $500,000 this year to $2.5 million next
year, and its safety employee salary costs will rise from 9 percent of
gross salary to 29 percent next year. (Dan Walters column in 2/19/03
Sacramento Bee)
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As
Sacramento County
struggles with a large budget deficit, the county agreed to boost
sheriff deputy pensions to match the standard for law enforcement
throughout California, resulting in a typical deputy receiving 84
percent of his pay in retirement after 28 years of service. (Sacramento
Bee – 9/19/02)
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City of Orange
is experiencing a 384 percent increase in pension costs for police and
fire employees. That reflects a boost from the current year’s $624,000
to $2.4 million starting next July 1. (Orange County Register –
2/14/03)
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Contra Costa County
supervisors must cut services to pay for a $1.2 billion shortfall in the
county retirement plan. (Contra Costa Times – 2/16/03)
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Orange County
is forced to cut $102 million because of increased demand for services,
higher pension costs and decreased revenue. (Los Angeles Times –
3/13/03)
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The
city of San Diego
learns that its pension fund deficit is at least $720 million…City
Council puts off full payments to pension fund until 2009, when the
city’s annual pension bill will be $214 million. (San Diego
Union-Tribune – 3/13/03)
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Fresno County
officials are heading for retirement heaven. The county’s public
defender, librarian, budget director, community health director, deputy
county commissioner, five of nine sheriff captains and several other
senior managers are retiring this year, taking advantage of sweetened
retirement benefits. (Fresno Bee – 3/15/03)
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City of Lodi
council members learn that by 2006-7 the city will have to contribute 48
percent of firefighters’ pay and 42 percent of police officers’ pay, an
increase from the current 26.4 percent for those employees. (Stockton
Record – 3/16/03)
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City of Long Beach
learns that its pension plan will cost $18.8 million more between 2004
and 2007. The city expected 200 retirees in 2002 compared with the 70-80
during a typical year. (Long Beach Press-Telegram
–
8/4/02)
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Garden Grove
expects its retirement costs will increase to $3.8 million in 2003-04
over this year’s $2.3 million. (Orange County Register – 3/21/03)
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Stockton
expects to pay $12 million in pension costs for police and fire
employees in the 2003-04 fiscal year, compared to virtually minimal
costs in recent years. (Stockton Record – 3/24/03)
