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Commissioners hear pension projections; county funded ratio cited near 84%
Summary
Staff reviewed retirement-plan projections and said the county’s funded ratio was about 84.2% at the end of 2012, projected to dip toward 80% in some scenarios; presenters urged continued annual full contributions to avoid widening unfunded liability.
County staff reviewed a multi‑year projection of the county’s retirement plan, explaining that assumptions used in earlier analysis expected long‑term returns around 8 percent and that the county has begun increasing employer contributions. Staff noted the county increased its retirement contribution this year by roughly $340,000 to fund…
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