Supervisor: ‘Tough love’ required to rein in pension debts

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RIVERSIDE (CNS) - Riverside County's pension liabilities are taking the county "off a cliff" financially and it's time to find solutions, a supervisor said Tuesday, vowing to initiate efforts to address the matter before it gets worse."We need fundamental changes," Supervisor Jeff Hewitt said after reviewing the Pension Advisory Review Committee's annual assessment of the county's retirement assets and liabilities. "It starts with a revolution, and radical things need to happen on both ends (county and state). Either we act, or we go another year and be that much closer to catastrophe."According to the PARC report, as of the most recent fiscal year, the county's unfunded pension gap had widened from roughly $3 billion to $3.505 billion today, and the county will have to increase ap
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