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County to fund pension at required—temporarily using ACCG credits to avoid immediate catch‑up
Summary
Staff proposed funding the pension at the legally required level rather than the previously recommended level (about $1 million difference); staff said accumulated ACCG credits will cover the shortfall for now.
During the board Q&A a commissioner asked whether pension contributions would need to be made up in future years after funding at the required rather than recommended level. A staff representative said that because the county had funded at or above recommended levels for several years, it has accumulated ACCG credits that can be used now so the county will not have to make up the difference immediately.
A staff estimate given in the discussion said the difference between recommended and required funding for FY27 is about $1,000,000. Commissioners thanked staff for the explanation and noted the county can draw on credits in the short term while assessing future budgets.
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