Posts Tagged: city council

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A city fights with CalPERS’ costs

CalPERS headquarters, downtown Sacramento. (Photo: CalPERS)

Monrovia’s city manager, Oliver Chi, told the city council the budget could absorb the CalPERS employer pension rate increases enacted in 2012, 2013, and 2014 — but a large fourth rate increase last December could push the city into insolvency.

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