Finding F8
As of FY2019, CalPERS’s projected date of returning the County to fully funded status was 2039.
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
Agrees with the 2039 projection and explains its twenty-year, June 30, 2019 valuation basis.
Read official response · PDF page 3Explicit agreement covers the projection and identifies the relevant CalPERS amortization model and date. It does not promise that future valuations will leave that date unchanged.
This review evaluates the response document. Implementation claims have not been independently verified.