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Finding F2

Finding F2

At the end of FY2024, the County’s unfunded pension liability had increased to $223,565,943.

Jury report: Planning for the Future: The Board of Supervisors' Approach to the Growing $220-Million Problem of Unfunded Pension Liabilities · PDF page 21

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Official response

Nevada County Board of Supervisors

Disagrees; gives $261,167,320 using June 30, 2024 Miscellaneous and Safety valuations.

Read official response · PDF page 2

The disagreement begins on page 1; page 2 supplies the explanation, component amounts, valuation dates and report-page references. It distinguishes valuation dates from payment fiscal years.

This review evaluates the response document. Implementation claims have not been independently verified.

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