State Pension Reform Update

Board of Supervisors

Meeting Date: 12/18/2012

Preview

The Board will hear an update on the estimated long-term savings that will be generated for the County by the statewide pension reform legislation that was adopted this past September. In addition, the Board will consider authorizing County staff to explore a hybrid defined benefit/ defined contribution pension plan as an option for new miscellaneous employees.

Need more info?

See the report on pension reform

Review

The Board authorized using the local savings from statewide pension reform towards paying down the County's pension liabilities and also authorized staff to explore the feasibility of a new employee optional hybrid pension plan

Contact

Dan Eilerman, Deputy County Administrator

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