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Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
Nevada County Grand Jury
• 2017-2018
• Agency Response
Responses to the 2017-2018 Grand Jury Report: Responses from Education
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Recommendations 1
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R2Page 19Public Agencies ond public employee unions should explore how increosing employee pension contributions con reduce non-funded liobilities. This recommendation is not applicable to Local Educational Agencies (LEA) in Nevada County and will not be implemented because CaIPERS and CaISTRS are the responsible entities regarding public employee pensions. Any funds reserved at the LEA, Union or employee levels would not impact the unfunded liability as this liability is legally that of the pension systems. The LEA and employee offset this unfunded liability indirectly through the increased contributions imposed by decisions made by CaIPERS and CaISTRS in their efforts to fund the long term liabilities.