Red Brennan 3/18/22 Red Brennan 3/18/22

The Ticking Pension Bomb

The entire state of California is known for its underfunded public employee retirement fund. In 2020 unfunded pension liabilities at $352.5 billion statewide.

Red Brennan 2/25/22 Red Brennan 2/25/22

The Vicious Pension Cycle

A Stanford economist, Joe Nation, examined SBCERA and concluded that the pension liability for San Bernardino County is at least $12 billion. Yes! And this number is not static.

Red Brennan 10/20/20 Red Brennan 10/20/20

In State Government, No Good Idea Goes Unpunished

California cities face daunting fiscal problems (even before COVID-19), driven by the outsized pay and pension deals for their employees. Orange County Register article.

Red Brennan 8/25/20 Red Brennan 8/25/20

County Pension System Takes $272 Million Hit

Article from San Bernardino County Sentinel regarding the shocking news that in the last year, SBCERA suffered a $272.43 million loss on its investments.