Port Hueneme prefunding retiree debt | Pacific Coast Business Times

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Port of Hueneme prefunding retiree health care debt

By Matt Ackerman / Friday, July 21st, 2017 / Comments Off on Port of Hueneme prefunding retiree health care debt

The Port of Hueneme is pre-funding health care debt for the agency’s retirees. The Port of Hueneme is taking steps to cure its share of the state’s $150 billion unfunded retiree health care debt, a preemptive move that comes at a time when overall pension fund returns are exceeding their benchmarks for the first time…

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