The City of Santa Monica is facing an unfunded pension liability of nearly half a billion dollars as it struggles to recover from the coronavirus shutdown and pay a $122.5 million settlement approved by the City Council last week.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2023/May_2023/05_01_2023_Cash_Strapped_City_Faces_Record_Pension_Deficit.html