Napa County Grand Jury
• 2013-2014
A Review of Napa County Public Employee Retirement Benefits
⚠️ Aviso de traducción: Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 7 findings
F1
Pension and OPEB benefits amount to less than 10% of Napa County and its jurisdictions’ total annual budgets. 6
No recommendations for this finding
F2
Napa County jurisdictions had pension liability funding levels that ranged from 70.3% in Calistoga to 84.3% in St. Helena for the 2012/2013 fiscal year.
Related Recommendations (1)
R2
Napa County Board of Supervisors and the incorporated Napa jurisdictions through the pension/OPEB committee issue an annual report that summarizes each entity’s pension/OPEB funding status at the end of each fiscal year.
F3
All jurisdictions have introduced employee sharing of pension (PERS) costs, although many of those plans only apply to future employees.
No recommendations for this finding
F4
Some jurisdictions are phasing in employee share for OPEB where possible via memorandums of understanding but will only apply to new employees.
No recommendations for this finding
F5
Jurisdiction OPEB funded ratios are estimated to range from 27.8% to 35%.
Related Recommendations (1)
R2
Napa County Board of Supervisors and the incorporated Napa jurisdictions through the pension/OPEB committee issue an annual report that summarizes each entity’s pension/OPEB funding status at the end of each fiscal year.
F6
Napa County was able to bring its OPEB funded ratio up to 46.6% in the fiscal year ending in 2013.
Related Recommendations (1)
R2
Napa County Board of Supervisors and the incorporated Napa jurisdictions through the pension/OPEB committee issue an annual report that summarizes each entity’s pension/OPEB funding status at the end of each fiscal year.
F7
Most Napa County jurisdictions are trying to achieve full funding of their OPEB liability well before 2040, the 30 year amortization rate recommended by the Government Finance Officers Association in March, 2013.
Related Recommendations (1)
R1
Napa County Board of Supervisors and the incorporated Napa jurisdictions form a pension/OPEB committee with appropriate financial and human resource management to establish a communication process and a planning best practices platform to share insights and collaborate on strategies for addressing and managing pension/OPEB funding,
No Responses Found 6
Government entities assigned to respond to this report. No response documents have been linked in our database.
American Canyon
City
Calistoga
City
Napa
City
Napa County Board of Supervisors
Elected County Office
St. Helena
City
Yountville
City