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County staff urge larger reserves for liability fund; commissioners approve 5% workers' comp increase, consider property/liability options
Summary
An actuarial review prompted county staff to recommend increasing contributions to workers' compensation and property/liability reserve funds. Commissioners agreed to a 5% workers' compensation contribution increase and discussed 49% and 62% options for property and liability funding but did not adopt a final number that day.
County staff presented an actuary-informed review of two county risk funds — the workers' compensation fund and the property-and-liability fund — and recommended increasing fund contributions to improve solvency.
Dan (staff) and other budget presenters summarized the actuarial outlook, showing a rising projected trend in claim costs. For workers' compensation, staff described a middle funding option reflected in the 2025 budget: a 5% rate increase. After discussion, the board moved forward with that 5% option. A county presenter said, "That's that's our opinion too. Yeah. It's a…
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