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Pension Funding Crisis Looming?

From: domainremoved <J>
Date: Wed, 18 Jul 2018 15:21:18 -0700

Hello,
I read today's *Daily Journal's *article on the pending crisis of
underfunded pension plans in the cities of San Mateo County. The article
was prompted by the Civil Grand Jury report of July 17, 2018.

The *Daily Journal's *article said that "cities throughout San Mateo funded
70% of their liabilities" ( for expected pension expenses).

What is Menlo Park's percentage of funded pension liabilities?

What are we doing to adopt the Civil Grand Jury's recommendation to follow
the County's lead in reducing unfunded pension liabilities?

I support directing more current income to reduce our future pension
liabilities.

Thank you for your attention to this critical issue,
Janice Butts
1007 Henderson Ave
Menlo Park CA 94025
Received on Wed Jul 18 2018 - 15:21:16 PDT

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