Following up on their October 2nd workshop, the Board will consider authorizing a $32.2 million one-time contribution, or roughly 70% of the available one-time sources, towards the County's unfunded pension liability. If adopted, it is anticipated that this one time payment would generate ongoing annual savings beginning in Fiscal Year 2014-15.
Need more info? See the report on the pension payment
The Board authorized contribution towards unfunded pension liability
Dan Eilerman, County Administrator's Office
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