Arcadia adopts comprehensive pension management plan, saving $85 million. It addresses the City's $154 million in unfunded pension liabilities. It focuses on: -use of reserves to prepay existing liabilities -refinancing existing debt to lower interest rates to free up cash flow -prepaying costs with surplus funds from voter-approved Measure A sales tax increase -financing long-term capital improvements -using pension obligation bonds to lower the overall costs of pensions -negotiating for more employee cost-sharing. See also Arcadia Weekly, p. 3, February 27, 2020

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