Several candidates running in the upcoming March 9 special election for a seat on the Orange County Board of Supervisors say that reducing unfunded public employee pension liabilities should be a top priority for cities throughout the county.
John Moorlach, Kevin Muldoon, and Janet Rappaport all agree that unfunded public pensions in the county, where many civic entities don’t currently have sufficient assets to pay for retiree benefits and are forced to borrow to make up the difference, continue to swallow huge portions of county and city funding. Based on the latest available data, in 2018, public employee pension debt for each Orange County, California, household was $31,438, according to Pensiontracker.org.
