Finding F12
Pinole’s CalPERS unfunded pension liabilities have increased from $18 million in 2014 to $45 million in 2024, an increase of 150%.
Jury report: Pinole’s Financial Future: It’s a Rough Road · PDF page 16
Permanent linkOfficial response
Pinole City Council
Agrees with the finding without additional explanation.
Read official response · PDF page 2Explicit agreement engages F12; the response adds no finding-specific reasoning or independently checkable support. Agreement is not independent verification.
This review evaluates the response document. Implementation claims have not been independently verified.