Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Compton, Calif., on Brink of Bankruptcy
Los Angeles Times July 19, 2012
"City officials announced that Compton could run out of money by summer's end, with $3 million in the bank and more than $5 million in bills due. A longer-term problem is a $43-million deficit that the city amassed after years of improperly using money from water, sewer and retirement funds to balance its general fund. Compton will have to pay the money back at a time when it has no reserves and has been frantically cutting costs."
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