Slight delay in the bad news
The actuarial estimate of the City of Portland's huge unfunded liability for police and firefighter pensions has been delayed. Originally scheduled to be released this month, the dreaded number is now "expected the end of January," according to a spokesperson for police and fire disability and retirement fund. Our city debt clock (in the left sidebar) currently has the unfunded liability at almost $2.5 billion, and growing.
Comments (2)
Speaking of news delays, where's that Bristol baby?
Posted by Allan L. | December 26, 2008 8:41 AM
Is this new number going to be inline with the requirements of the GASB, or is this going to be another one of those fudged numbers? Can't wait to find out.
Posted by The Libertarian Guy | December 26, 2008 8:50 AM