• CalPERS expert to hold public meeting

    City of Pacific Grove Invites the public to participate in a Community Meeting on Wednesday, January 9, 2013 at the Community Center with Karol Denniston to Address Next Steps for the City Regarding CalPERS

    Karol Denniston, a partner with Schiff Hardin, LLP’s San Francisco office, is a nationally recognized legal expert on the legal and financial challenges facing California cities as a result of CalPERS obligations, as well as the various possible actions that cities such as Pacific Grove can take to re-establish fiscal stability in the face of their unfunded CalPERS liabilities and ongoing obligations.

    Ms. Denniston has begun working with both the City and the citizens group that has been leading the effort in Pacific Grove to address and resolve the current challenges. The group successfully led the initiative effort that resulted in the adoption of Measure R by the voters of Pacific Grove in 2010. The group is currently circulating a petition that would void the City’s 2002 adoption of the 3% at 50 retirement plan for the City’s public safety employees.

    Ms. Denniston is fully knowledgeable on the situations in Vallejo, Stockton, San Bernardino, and other cities facing financial crises, and is expert in conflict resolution. She believes that a mixed approach, involving solutions at the local and state levels, will be necessary.

    Ms. Denniston will be holding a series of community meetings to inform the public and learn the views of citizens. Representatives of the City and the citizens group will also be available at the meetings. The first meeting will be held Wednesday, January 9, 2013 at 6 p.m. at the Community Center, 515 Junipero Avenue. More information can be obtained on the City’s website (http://www.ci.pg.ca.us/) or from David Concepcion, the City Clerk.

    posted to Cedar Street Times on January 7, 2013

    Topics: Front PG News

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