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Officials review retirement-plan scenarios as CPI assumptions push contribution rates higher
Summary
County staff presented retirement-plan models comparing the current plan against 20% and 30% CPI scenarios and a 3% flat contribution option; the 30% CPI projection would raise the county's contribution rate, and members discussed whether to adopt a flat rate and its estimated per-person cost.
County staff reviewed retirement-plan projections and told the court that, under the modeled 30% CPI scenario, the county's retirement-plan contribution rate would increase.
The agency official displayed comparison pages for the current plan, a 20% CPI scenario and a 30% CPI scenario and specifically…
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