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Board adopts Tulare County retirement contribution rates; small employee rate reduction and modest employer increase reported
Summary
The board approved actuarially recommended retirement contribution rates for the coming fiscal year, adopting option one to implement rates effective the pay period that includes July 1, 2025. County employer contributions rise modestly; employee contributions were reported as nearly flat with a 0.06% reduction overall.
The Tulare County Board of Supervisors unanimously approved retirement contribution rates as recommended by the Tulare County Employees Retirement Association (TCERA) and chose Option 1 to implement the new rates beginning with the pay period that includes July 1, 2025 (pay period 15).
Leigh Ann Mallison of TCERA presented actuarial results and said total…
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