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Committee hears update on CASA pension transfer to CalPERS; actuarial report due in coming months
Summary
Committee members were updated on the Coastal Animal Services Authority (CASA) pension situation: staff said an actuarial evaluation of the private pension plan is underway to determine Dana Point's pro rata unfunded liability if CASA employees move into CalPERS, and staff expects actuarial results in the next couple of months.
During the April 25 meeting the committee received an update on the unfunded pension liability for the Coastal Animal Services Authority (CASA), the joint powers authority that runs the regional animal shelter serving San Clemente and Dana Point.
A staff speaker explained CASA employees are currently in a private pension plan and that the entity has been working through…
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