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Placer auditor seeks intent to separate court employees from county actuarial; board approves resolution
Summary
County Auditor-Controller Andy Sesk asked the board to adopt a resolution of intent to separate certain court employees from the county's CalPERS actuarial reporting. Sesk said Placer would be the first county to pursue separate actuarials under recent state legislation and that CalPERS must validate submitted data.
Placer County Auditor-Controller Andy Sesk presented a resolution of intent asking the board to begin a process to separate county and court employees for actuarial reporting to CalPERS. The step stems from state- and accounting-driven concerns about pension liability allocation between courts and counties.
Sesk traced the history: when county employees serving courts effectively became court employees under the Trial Court Act (2001), pension and bookkeeping arrangements left some liabilities on county financial statements. Subsequent GASB standards (GASB 68) altered how pension liabilities are reported, and Sesk said the county and courts can now seek separate actuarials through CalPERS after submitting required documentation. Placer County will send a companion court resolution and then await CalPERS validation to generate distinct actuarials and cost estimates.
Why it matters: Sesk and other finance officials said separating the actuarial responsibilities will give a clearer reflection of liabilities attributable to courts versus county functions and could influence future financial planning.
Board response: Supervisors thanked Sesk and staff; the item passed on a roll call vote with no objections recorded.
