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Finance presents quarterly report on defined-benefit pension plan
Summary
Finance staff said the quarterly report outlines balances and expenditures for the county's defined-benefit retirement plan; the board voted to receive the report.
A staff member told the board the quarterly report prepared by the Finance Department outlines the balances and expenditures of the county’s defined benefit retirement plan. "This report is created by the Finance Department and just outlines the balances and expenditures of the of the pension plan," the staff member said.
After the presentation a commissioner moved to receive the report, the motion was seconded and the board approved the action on a voice vote. No specific figures for the plan balance or expenditures were stated in the transcript beyond the general description that the report contains balances and expenditures information.
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