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Staff flags URS retirement changes, grant time‑charging and accounting reclassification
Summary
County staff warned of an URS change raising Tier‑2 public‑safety employee contributions by 1.25%, recommended a payroll timing fix for a 2% 401(k) swap, and outlined an accounting reclassification that will add matching $20M revenue and expense entries for pass‑through funds without net fund‑balance impact.
County staff used the Dec. 3 budget committee meeting to highlight several administrative items that will affect employee pay and fund reporting.
URS retirement contribution change: staff said URS issued revised preliminary rates increasing the employee contribution for Tier‑2 public‑safety hybrid employees by 1.25 percentage points; this will lower affected employees’ take‑home pay absent an employer pickup. Staff noted the county previously chose not to pick up employee contributions because doing so creates ongoing obligations and internal…
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