Newark staff outline 2026–28 budget and five‑year forecast, warn of gap when 3.25% utility tax sunsets At a March work session the city presented the 2026–28 operating budget framework and a five‑year forecast that remains balanced near term but shows a structural deficit emerging after the utility users tax (3.25% UUT) is scheduled to sunset in 2029; staff urged policy choices on reserves, pension tools and revenue options.

Newark's budget outlook looks stable for now, but a looming $1.8 million deficit awaits as the utility users tax is set to expire in 2029—are we prepared for the challenge ahead?

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#NewarkAlamedaCounty #CA #NewarkBudget #PensionManagement #CitizenPortal #EconomicDevelopment

Augusta City committee receives strong 2025 pension results; COLA set at 2.2% per plan documents An adviser told the committee the city's two municipal pension plans posted double-digit returns in fiscal 2025 and remain well funded; members received the report and were informed of a 2.2% cost-of-living adjustment for both plans under plan rules.

Augusta City's pension plans soared in 2025 with impressive returns and a 2.2% cost-of-living adjustment, ensuring a bright financial future for retirees!

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#AugustaCityRichmondCounty #GA #CostOfLivingAdjustment #FinancialStability #PensionManagement #CitizenPortal #AugustaCity

Hutchinson Utilities Commission reviews preliminary financial statements, auditors' items and market-driven impacts Commission heard a multi-part financial briefing covering pending pension and OPEB entries, market sales that boosted revenue, a near-$970,000 year-over-year power-cost adjustment swing, and a negative electric cash balance managed by interfund accounting; the financial statements were approved.

Hutchinson Utilities Commission just revealed a $970,000 power-cost adjustment swing and how market shifts are reshaping their financial landscape!

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#MN #PensionManagement #MinnesotaUtilities #FinancialTransparency #EnergyMarket #CitizenPortal

El Paso pension trustees hire RVK, amend IPS and move to terminate AllianceBernstein as part of a rebalancing The City of El Paso Employees Retirement Trust approved a $50,000 third‑party review contract with RVK, amended its investment policy to shift domestic equity structure and private‑equity benchmarking, and voted to terminate AllianceBernstein and approve a related asset‑rebalancing plan including an estimated $56 million liquidation.

El Paso's pension trustees have made bold moves to revamp investment strategies, including a $50,000 review and the termination of an underperforming strategy, all aimed at boosting performance and ensuring future growth.

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#ElPasoCityElPasoCounty #TX #PensionManagement

Pension Board Approves RFQ Process for New Actuarial Firm After Korn Ferry Departure Board approves RFQ to select a new actuarial firm following Korn Ferry's exit.

The Lackawanna Pension Board is on a mission to secure the future of local retirees by launching a crucial RFQ process for a new actuarial firm after Korn Ferry's departure.

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#LackawannaCounty #PA #CitizenPortal #RetirementSecurity #FinancialStability #PensionManagement

County Audit Reveals Strong Financial Standing and Regulatory Compliance The county audit confirms financial health with no fiscal issues and compliance with regulations.

Miami County's recent financial audit reveals a stable economic outlook, but looming pension liabilities could challenge future budgets.

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#MiamiCounty #KS #BudgetaryPlanning #CitizenPortal #MiamiCountyFinance #FiscalResponsibility #PensionManagement

Pension Outlook Updates Expected After 2024 Valuations Release Next Month Updates on pension outlook and valuation impacts are anticipated following the upcoming reporting.

CalPERS is gearing up for crucial updates on pension valuations that could reshape the financial future for public employees and retirees—find out what's at stake!

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#CA #CitizenPortal #StakeholderEngagement #FinancialStability #PensionManagement

CalPERS offers diverse retirement education classes for members at all career stages CalPERS provides various classes on retirement planning, benefits, and application processes.

CalPERS is empowering California public employees with essential retirement education classes designed for every stage of their career journey!

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#CA #CitizenPortal #PensionManagement #RetirementPlanning

Riverside City Council saves $175M by refinancing pension liabilities Riverside refinances pension debt at 3.8% interest, mitigating financial risks and budget pressures.

Riverside County just pulled off a financial game-changer, refinancing pension obligations to save an astonishing $175 million in the long run!

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#RiversideRiversideCounty #CA #CitizenPortal #RiversideCounty #PublicTransparency #PensionManagement

I had the privilege of working on Access Buddy, the first pension app I designed, developed for Access Bank Plc (now Accessarm Pensions).

#UIUX #MobileAppDesign #ProductDesign #PensionManagement #DesignThinking #accessbank #design

The app’s sleek design and user-centric features reflect my passion for delivering solutions that make a difference.

What do you think of the final result?

I’d love to hear your feedback!

#UIUX #MobileAppDesign #ProductDesign #VeritasGlanvills #PensionManagement #DesignThinking