Public Plans - General

Retirement Sustainability Survey by League of California Cities

02-06-2019 |

Report shows pension costs are approaching unsustainable levels

Bartel Associates assisted the League of California Cities in preparing their report, Retirement System Sustainability Study and Findings.  The League stated that the January 2018 study “confirms that pension costs for California cities are approaching unsustainable levels, and that cities need more tools and options to ensure they are able to retain and attract public sector employees and continue to deliver high quality municipal services to residents.” 

“The League commissioned this study to put analysis and hard numbers to the realities that cities up and down the state are experiencing with growing pension costs,” said League Executive Director Carolyn Coleman. ”As the amount cities have to pay into CalPERS each year increases, it puts a great strain on their ability to maintain service delivery levels. The pressures are not only mounting, but will force cities to make very tough choices in the near future. This much-needed data will help inform ongoing discussions with all stakeholders about solutions that will ensure our public sector retirement system is sustainable and that cities have the resources needed to serve their residents.” 

Read the News Release summarizing the report and findings:
https://www.cacities.org/Top/News/Press-Releases/2018/League-of-California-Cities%C2%AE-Survey-Confirms-Need

See the full report here: http://www.cacities.org/2018PensionSurvey

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