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Board accepts FY2026 pension and OPEB funding updates; actuary says district is nearly fully funded
Summary
The Ross Valley Sanitary District board received FY2026 actuarial updates and accepted presentations on pension and OPEB funding; the actuary reported the district has "almost reached fully funded status." The board voted unanimously to accept the updates.
The Ross Valley Sanitary District board on April 22 accepted actuarial updates on its defined benefit pension and other post-employment benefits (OPEB) for fiscal year 2026. Actuary Ira Summer presented the updates and told the board the District has "almost reached fully funded status." The board voted unanimously to accept the presentations (Ayes: Boorstein, Gaffney, Kelly, Meigs, Sylla).
Board members and staff discussed the funding status and assumptions with the actuary during the presentation. Director Thomas Gaffney moved to accept the FY2026 pension and OPEB funding updates and Director Michael Boorstein seconded the motion; no directors opposed. The presentations will inform the District’s ongoing retirement obligation funding plans and budget planning for coming fiscal years.
