Answer from Butte County mosquito district director regarding pension liability – $1,803,155

25 Feb

Hello Juanita,

Sorry I was unavailable for your call this morning, we were having our monthly staff meeting.  The District’s retirement administrator is CalPERS.  The District’s management and employees currently pay 3% of the employee share.  Commencing on January 1, 2018 District management and employees will pay 4%.  The District’s health care provider is Anthem Blue Cross through Golden State Risk Management Authority.  District employees are 100% covered and District employee family members are 80% covered under a Anthem Blue Cross high deductible plan.  The District does not offer post retirement benefits.  As of June 30, 2015, the District reported net pension liability of $1,803,155 for its share of the net pension liability of the Plan.

Let me know if you have any other questions.  I’m usually available from 5:30 AM to 4:30 PM.

Matt

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: