Thumbnail photo by Paul Critz
Del Norte County Supervisors on Tuesday will discuss transferring assets from a California Public Employees Retirement System-managed trust to one managed by a private firm.
Public Agencies Retirement Service (PARS) Senior Consultant Matt Spooner is also expected to give a presentation to the Board about his firm’s 115 OPEB Prefunding Program and Pension Rate Stabilization Program.
The Board of Supervisors last month approved establishing the Section 115 Trust with PARS after Spooner said it would provide greater flexibility when it comes to the county paying its share of its employees pension and other retirement benefits.
Continue reading Del Norte BOS To Consider Transferring Retirement Benefit Assets To Private Trust; Firm’s Rep To Give Presentation