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Understanding Lodi’s CalPERS concerns

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Posted: Tuesday, May 20, 2014 12:06 am

Over the last few weeks, the city of Lodi has expressed concern over the looming cost increases associated with retirees’ pensions.

While the city has celebrated balanced budgets and reserve fund surpluses that have allowed one-time concessions to its employees, city officials are cautionary about future expenditures.

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