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Retirement rates projected to fall; county hears report showing funded status above 85%
Summary
The Board received a presentation from the county retirement administrator that retirement contribution rates are projected to decline by 4.74 percent — roughly $27.6 million — and the plan is more than 85.5 percent funded; the board filed the report.
The Board of Supervisors received the annual evaluation review of the Fresno County Employees’ Retirement Association during the meeting and voted to file the report.
Retirement administration staff told the board that, after a period of rising contribution rates earlier in the administrator’s tenure, projected employer rates are decreasing. The…
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