Finding F20
By prepaying the full annual amortization amount at the beginning of the fiscal year, the County has saved hundreds of thousands of dollars in interest over the past decade.
Jury report: Planning for the Future: The Board of Supervisors' Approach to the Growing $220-Million Problem of Unfunded Pension Liabilities · PDF page 22
Permanent linkOfficial response
Nevada County Board of Supervisors
Disagrees with the scale of interest savings; claims more than $5.6 million from FY2017–18 through FY2025–26 prepayment.
Read official response · PDF page 9The paragraph identifies the disputed scale, time period, payment mechanism and CalPERS actuarial-report basis. The savings amount is attributed to the Board rather than verified independently.
This review evaluates the response document. Implementation claims have not been independently verified.