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Retirement fund in healthy position, retirees press Board to restore COLA
Summary
County analysts and the Sonoma County Employees Retirement Association reported a funded ratio above 93 percent and declining unfunded liability; retirees urged the Board to pursue legislative fixes and funding options to restore long‑delayed cost‑of‑living adjustments.
County analysts and the Sonoma County Employees Retirement Association (SCERA) presented the 2025 State of the Retirement System report, saying the system’s funded ratio is in the low‑to‑mid 90s and that accelerated payments and strong investment returns have reduced unfunded liabilities in recent years.
Nicholas Klein, principal analyst for the county administrator, told the Board pension contribution costs rose year‑over‑year mainly because employee cost‑sharing agreements expired and shifted costs to the…
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