County’s retirement liability tops $1 billion (The Bakersfield Californian)

Kern County’s retirement system now owes its retirees $1.2 billion more than it has. An actuary told a Kern County Employees Retirement Association committee Wednesday it has only 69 percent of the money it needs to fund future pension obligations to its retirees and employees.

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County’s retirement liability tops $1 billion (The Bakersfield Californian)