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County plans to use forfeiture assets to cover retirement contributions, shift budgeted funds to medical plan
5579058 · August 14, 2025
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Summary
County staff proposed using up to $1 million in forfeiture assets from the MissionSquare 401(a) account to cover the county—s portion of retirement contributions, and moving $1 million of budgeted retirement funds into the medical plan to reduce a deficit.
County staff told commissioners the county's MissionSquare 401(a) forfeiture account currently holds more than $1 million in forfeited, non-vested retirement amounts. Staff recommended using up to $1 million of those forfeiture assets to cover the county's portion of retirement contributions beginning with the pay period…
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