County pension unfunded liability tops $2 billion

Kern County Employees' Retirement Association struggled again in the 2013-2014 fiscal year to escape the dramatic impact of the 2008 financial crash and recession.

The agency, which manages the employee retirement system for Kern County workers and the employees of a number of other special districts and agencies, has just less than 61 percent of the funds it needs to pay for the future pensions of all the current retirees and workers en