Anderson on retirement
question:
Fresno County has one of the most generous retirement systems in the state. How would you control the costs? answer:
The County has adopted lower tier retirement plans for new employees. This change will, in the long run, reduce the costs of the retirement system. In addition, the pension obligation bonds were secured at a lower interest rate than would have been paid directly to fund the system. In the long term, this financing will prove to have been a very good investment for the county.
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