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Ritornano le "Giornate Europee dell'Archeologia" Lab TV labtv.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from labtv.net Daily Mail and Mail on Sunday newspapers.
EL CAJON El Cajon has started using just over $204 million in pension obligation bonds to pay down its unfunded liability the gap between how much is needed to pay retiree benefits and the amount of assets a jurisdiction has with the the state’s pension system. Each year, taxpayers pay tens of millions of dollars to the California Public Employees’ Retirement System to fund lifetime pensions for existing and retired city employees. El Cajon currently owes more than $200 million to CalPERS, which requires its clients, including El Cajon, to pay off debt over the next 25 years at a current interest rate of 7 percent. ....