Committee authorizes transfers and amortization extension to align pension groups' funding

Staff explained the proposal to use unassigned fund balance to add a five-year amortization extension for two pension groups that had not been extended (animal control and central dispatch supervisors). The presentation noted there is roughly $300,000 in a surplus group that can be transferred to improve funded ratios countywide. "This would authorize me to go forward and do that," staff said; commissioners moved and supported the authorization to proceed.

Staff characterized the change as an administrative action to better align pension-group schedules and allow the county to achieve a more consistent 100% funded schedule across groups. No detailed vote-by-name tally was recorded in the committee discussion; staff will implement transfers per stated authorization.