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  • Wednesday, September 03, 2014

     

    Villa Park CALPERS vote gets attention

    Villa Park vote on CALPERS withdraw gains statewide attention

    A move by the Villa Park City Council to notify CALPERS -the state employee benefits system- of a notice of intent is getting widespread attention throughout California.   The vote set for the September 23rd City Council meeting is meant to trigger an updated CALPERS report on the city's unfunded liability for the 30 present and past employees of the city.

    Two years ago a similar report showed the small conservative city had  $3.5 million liability.  This month's vote to get a new report is being hailed by Mayor Barnett and Councilwomen Pauly as a public service in advertising the new costs recently voted by the California legislature to bolster the CALPERS bottom line.

    For a full report Click on: CAPTIOL WEEKLY



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