Nevada County Board adopts revised pension management policy, directs staff to produce annual funding plan

The Nevada County Board of Supervisors on Oct. 14 adopted a resolution approving a revised county pension management policy and asked staff to produce a one-year pension funding plan to include funding recommendations for the 2026–27 budget.

Deputy County Executive Officer and Chief Fiscal Officer Erin Mettler told the board the policy update grew from a county review begun six months earlier and a 2023–24 grand jury recommendation to revisit pension practices. “This is one of the top priorities to review all of the budget policies,” Mettler said at the meeting.

The policy update lays out a “toolkit” of options the county will consider annually as part of the budget process, including making incremental additional payments to reduce unfunded liabilities, establishing and operating a Section 115 pension trust, and reviewing refinancing options. Andrew Flynn of California Municipal Advisors, retained to assist the county, described the approach as “a spectrum question” that blends short‑term cash‑flow choices with long‑term cost…