Collaboration between cities and CalPERS is beginning, so we’re making headway on how best to address the public employee pension crisis. I’ll be participating in a conference on this topic tomorrow and the Daily Pilot provides the news in the piece below.
The history of this massive financial dilemma has been discussed plenty by me in my UPDATEs over the last two decades, the most recent being MOORLACH UPDATE — Public Pension Management Concerns — March 7, 2018.
I’ve also authored legislative fixes the last two years, which received massive opposition from public employee unions. Now it’s time for the cities to help with successful bill passage that can assist in their budget and cash flow management and planning.
You are cordially invited to attend if your calendar permits. I’ll be discussing my legislative efforts over the last two years and providing my bills for this year’s Session.
Forum in Newport Beach to address public pensions
The Assn. of California Cities-Orange County will hold a pension forum Friday in Newport Beach featuring several local leaders.
The discussion of California’s public pension crisis will include state Sen. John Moorlach (R-Costa Mesa), Newport Beach City Councilwoman Diane Dixon, Huntington Beach City Councilwoman Lyn Semeta, Fullerton City Manager Ken Domer, Huntington Beach Assistant City Manager Lori Ann Farrell and Kerry Worgan, chief actuary of the California Public Employees’ Retirement System.
The forum will run from 8 a.m. to noon at the Newport Coast Community Center, 6401 San Joaquin Hills Road. Tickets are $25 for association members and $45 for nonmembers.
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