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Commission adopts resolution updating county pickup of URS Tier 2 public-safety contributions
Summary
Commissioners adopted a resolution documenting an employer 'pickup' of a small URS Tier 2 public-safety retirement contribution change (approx. 0.75 percentage point), an administrative update staff said can be handled within the budget.
Kane County commissioners on June 9 approved a resolution authorizing the county to pick up employer-side changes for URS Tier 2 public-safety retirement contributions.
Staff explained URS periodically adjusts contribution percentages as the workforce mix between Tier 1 and Tier 2 employees changes; the update before the commission reflects a 0.75 percentage-point net change and staff estimated the near-term fiscal impact for the remainder of the year would be under $2,000. County finance staff said URS does not require a resolution but the county adopted one to document the updated percentages and to keep the county's records current.
Commissioners asked whether the county should adopt a more flexible approach to future adjustments; staff said the current resolution updates specific numbers but the commission could opt to change wording in the future. Commissioners approved the resolution as presented.
