Tag: true cost of pensions

This is Part ll of Firefighting in Orange County. Part l is HERE. On July 1 the City of Placentia will begin to operate a fire department independent of the Orange County Fire Authority. The motivation for the Placentia’s City...

Total unfunded actuarial accrued liability was $5.7 billion, and the OCFA share of that totaled $380 million.   In June 2019 the City of Placentia, in a 3-1 council vote, decided to leave the Orange County Fire Authority and build...