The Bee’s article on Fresno County retirees (April 16) was incomplete. The discussion of the health benefit error lasted over two hours and gave everyone in attendance a chance to voice their concerns. If someone would like to hear a complete audio of the meeting they can connect to the Fresno County Employees’ Retirement Association (FCERA) website.
One important point left out of the article was that if the pension plan had been fully funded in the past there would be hundreds of millions of dollars in excess funding because of greater-than-expected returns to the retirement fund recently.
The retirees have made sacrifices to Fresno County, as we should, but Fresno County should also be willing to make some sacrifices to the retirees since they were not at fault.
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