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Oro Valley staff: pension funding back to health after bond, but debt remains
Summary
Town staff told the Budget & Finance Commission that a combination of a $10 million reserve payment and $17.6 million in pension obligation bonds helped restore the town's public‑safety pension to about a 101% funded ratio as of 6/30/2025; the town still carries roughly $15.12 million in bond debt repayable by 2039.
Chair Charles Carlsberg convened the Budget & Finance Commission on Feb. 17, 2026, where staff presented an update on the town's public safety pension and pension funding policy. Finance staff said the town's actuarial valuation as of June 30, 2025 showed an actuarial asset and a funded ratio of about 101%, reducing previous pension shortfalls.
The staff liaison, Mr. Gephardt, told commissioners the town used two main steps to arrest liability growth: “we took $10,000,000 out of our reserves…
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