Posts Tagged: Mateo

Merced County pensions may have the lowest funding level of any public pension system in California, a shortfall officials attribute to a big retroactive pension increase for all county employees a decade ago and faulty actuarial work. In the latest annual public pension report from the state controller’s office, Merced County stands out with the lowest level of funding in the last reported year, 54.7 percent in 2010-11.

The state Public Utilities Commission’s transportation section has failed to adequately oversee limos, buses, and shuttles, as well as such ride-sharing services like Uber and Lyft, according to a sharply critical state audit. The report notes that the problems stem from poor leadership and unclear guidelines and procedures