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Pension valuation shows funding progress; employer contribution rate falls slightly
Summary
MCERA’s 6/30/2025 actuarial valuation showed investment gains and a higher valuation funded ratio (about 76.4% valuation) after smoothing. Employer contribution rates fell roughly 1.55 percentage points to 40.27% of payroll; deferred investment gains should help in coming years.
Mendocino County Employees’ Retirement Association presented its 6/30/2025 actuarial valuation to the board and reported improved funding metrics driven primarily by investment returns.
Key findings: The actuary said the plan’s smoothed investment return for the year was about 7.61%, producing a decrease in the system’s unfunded liability and a valuation funded…
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