Accelerated Payment of Unfunded Pension Liability

Board of Supervisors

Meeting Date: 11/13/2012

Preview

Following up on their October 2nd workshop, the Board will consider authorizing a $32.2 million one-time contribution, or roughly 70% of the available one-time sources, towards the County's unfunded pension liability.  If adopted, it is anticipated that this one time payment would generate ongoing annual savings beginning in Fiscal Year 2014-15.

Need more info? See the report on the pension payment

Review

The Board authorized contribution towards unfunded pension liability

Contact

Dan Eilerman, County Administrator's Office

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