Daily Republic: CalPERS changes will affect local governments

FAIRFIELD — Accounting switches being made by the California Public Employees’ Retirement System will likely mean higher payments for Solano County and local cities.

That in turn could leave local governments having to find more money, make cuts or do fewer service expansions, get employees to pay a higher share of retirement costs or use a combination of options to make up the difference. The big question is how much money will be involved.

via CalPERS changes will affect local governments.

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