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Administration September 2, 2011
Another California County Publishes Retiree Benefit List
September 2, 2011 (PLANSPONSOR.com) – Another California public employer has published a list of retiree benefit payments.
Reported by PLANSPONSOR staff
El Dorado County Auditor-Controller Joe Harn on Friday announced that the list of county retirees receiving retirement benefits greater than $100,000 per year is now available on the county’s website. The county’s unfunded obligation to its retirees has become a major problem, Harn said, according to a report on the Lake Tahoe News.
In 1999 and 2000, the Board of Supervisors changed its contract with CalPERS. According to the report, the changes provided significant increase in retirement benefits to employees and dramatically increased the county’s unfunded obligation to CalPERS.
The county’s unfunded obligation to CalPERS is $264 million, according to the latest actuarial report available, the Lake Tahoe News noted.
The list of is available at http://www.edcgov.us/auditor-controller/
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