Lake Forest paying off its pensions

Lake Forest is doing what many cities aspire to do — it’s paying off its unfunded pension liabilities. The move is estimated to save taxpayers $3.4 million in interest costs over 30 years.
“The council voted 4-0-1 on Tuesday, Sept. 19, with Councilman Dwight Robinson absent, to authorize a lump-sum payment of $2.45 million to the California Public Employees’ Retirement System, which it contracts with to provide pension benefits for the city’s retirees,” the Re