Articles

Pension tension: Some organizations facing retirement shortfall

Perry Van Houten, Ojai Valley News reporter
Escalating pension costs are causing some concern, but no apparent panic, for the people who manage public schools and city services in Ojai.
“We have a number of obligations that go up each year, regardless of how much our funding increases, and pensions are one of the biggest areas where we do see an increase each year,” said Andy Cantwell, superintendent of the Ojai Unified School District.
A total of $1,854,504 — seven and a-half percent of OUSD’s $25 million budget — went to pensions in fiscal year 2016-2017.
That’s up from $1,542,424 in 2015-2016 and $1,253,847 in 2014-2015.

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