What is the condition of the retirement plan for San Mateo County employees?
Original post made by gunste, Portola Valley: Ladera, on Aug 1, 2013
On reading the list of salaries of County employees in the Daily Post, with many police and firemen earning in excess of $150,000 including overtime, with even some bus drivers managing to earn $180,000, underfunded pension systems should be a significant worry for the future. Are the supervisors paying attention? Do they evn know of the problem if there is one? Does the County calculate pensions based on the salary earned in last year or three?