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Commissioners approve independent review of sheriff’s pension plan after state oversight flagged funding shortfalls

Vandenberg County Board of Commissioners · October 29, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board voted to hire an independent third‑party to perform a $20,000 plan‑health review of the sheriff’s pension after staff said the plan had not consistently met actuarial funding recommendations and was placed in delinquent status by the state.

The Vandenberg County Board of Commissioners on Oct. 29 approved an independent plan‑health review of the county sheriff’s pension plan after a presentation by Carter Angel of o3, an employee‑benefits consulting firm.

Angel told commissioners the sheriff’s plan had met the actuary’s recommended contribution only two of the past five years,…

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