File #: 08-00878    Version: 1
Type: Agenda Item Status: Passed
File created: 9/17/2008 In control: BOARD OF SUPERVISORS
On agenda: 9/23/2008 Final action: 9/23/2008
Title: Consider recommendations regarding the adoption of Retirement Rates for FY 2008-09, as follows: a) Adopt the employer and member contribution rates recommended by the Santa Barbara County Employees Retirement System Actuary and approved by the Board of Retirement for fiscal year 2008-09 to be implemented on October 1, 2008, or for the payroll cycle in which that date occurs contained in the attached report; and b) Receive the revised actuarial evaluation for June 30, 2007, as transmitted by the Retirement Board.
Sponsors: COUNTY EXECUTIVE OFFICE
Attachments: 1. Board Letter, 2. Attachment - Board Letter from SBCERS, 3. Employer Contribution Rates, 4. Member Contribution Rates, 5. Consolidated Change Detail, 6. Actuarial Valuation
Title
Consider recommendations regarding the adoption of Retirement Rates for FY 2008-09, as follows:
 
a) Adopt the employer and member contribution rates recommended by the Santa Barbara County Employees Retirement System Actuary and approved by the Board of Retirement for fiscal year 2008-09 to be implemented on October 1, 2008, or for the payroll cycle in which that date occurs contained in the attached report; and
 
b) Receive the revised actuarial evaluation for June 30, 2007, as transmitted by the Retirement Board.
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