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Cobb County pension trustees report funding improvement; funded ratio near 64%
Summary
The Cobb County pension trustees reported on Oct. 14 that the pension plan’s funded ratio has risen to nearly 64% from 61.4% last year and that the plan’s long-term return since inception remains above the board’s assumed 7.25% actuarial target.
Sam Heaton, vice chair of the Cobb County pension board trustees, presented the 2024 annual trustees report to the Board of Commissioners on Oct. 14.
Heaton said the plan’s funded ratio was about 61.4% last year and is now near 64%. The board’s assumed minimum annual return for planning purposes is 7.25%; Heaton said the plan’s since-inception…
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