Tag Archives | CalPERS


Mammoth’s money problems: chronic and serious

Mammoth Town government has a long-term, structural, financial problem that will require more cuts.  That’s what Assistant Town Manager Marianna Marysheva-Martinez said when Sierra Wave News asked her if the Town has a chronic lack of money to cover costs, aside from the $42 million debt issue. Next fiscal year, the Town expects a nearly […]

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Mono announces retirement savings

Mono County Saves Half Million – Contact:  Sarah Messerlian, Mono County Administration, smesserlian@mono.ca.gov/ 760-932-5405 Mono County has pension plans through CalPERS. As with most agencies, the county also has what is known as an unfunded liability, or a “side fund” obligation for its existing pension benefits with CalPERS. The County has recently completed refinancing of […]

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Town government braces for shortfall

Forecasts for Town of Mammoth finances ride the same wave as weather forecasts – dry and partly cloudy.  Even as Mammoth Mountain’s CEO confirmed a revenue shortfall of 30% and pay cuts for workers, Town Manager Dave Wilbrecht also confirmed that he and others are watching developments carefully, know a revenue shortfall will come and […]

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