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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.

Lake County Grand Jury • 2015-2016

Qualifications for Grand Jurors Prospective Grand Jurors must possess the following qualifications

Published: June 30, 2016 12 pages
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Findings and Recommendations 7 findings

F1 Page 32
It is difficult for the public to determine the overall cost of pensions as well as the percentage of total payroll costs because the data is not currently summarized, presented or published.
No recommendations for this finding
F2 Page 32
Currently, there is no single point of contact in the County as three departments share administrative responsibility for pension plan handling: the County Administrative Officer, Human Resources Director and the Auditor/Controller.
Related Recommendations (1)
R3
Page 33
One department in the County be assigned primary administrative responsibility for pension management. (F2)
F3 Page 32
There is no directive or policy relative to a minimum level of pension liability funding that must be maintained by the County, Clearlake or Lakeport.
No recommendations for this finding
F4 Page 33
Neither the County, Clearlake nor Lakeport have Pension Committees that oversee pension plan administration, compliance or costs.
No recommendations for this finding
F5 Page 33
The role of the pension plans in total employee compensation is not clearly articulated. It is not obvious how it fits in the total compensation structure.
Related Recommendations (1)
R5
Page 33
A policy statement be developed to serve as a guide in program administrative, plan funding, and as a communication aid to participants and the public. (F5)
F6 Page 33
Employee satisfaction with the pension plans is unknown.
Related Recommendations (1)
R6
Page 34
An employee survey be conducted biannually of both active and retired employees to assess the cost/benefit effectiveness of their pension plans. (F6)
F7 Page 33
Lakeport and the County are proactively reducing their unfunded pension liability.
Related Recommendations (1)
R7
Page 34
Clearlake be more proactive in reducing its unfunded pension liability. It should review Lakeport’s plan to determine if that approach would be beneficial. (F7) Request for Responses • Lake County Auditor (60 days) • Lake County Board of Supervisors (90 days) • Lakeport City Council (90 days) • Clearlake City Council (90 days) Bibliography 1. CalPERS web site (https:/www.CalPERS.ca.gov/). 2. Circular Letter 200-032-09 (https:www.CalPERS.ca.gov/page/employers/policies-and- procedures/circular-letters). 3. Net pension liability (https:/www.CalPERS.ca.gov/docs/forms- publications/gasb-68-net-pension-liability-employer-2013,pdf). 4. 2014 pension results (https:/www/CalPERS.ca.gov/docs/forms- publications/gasb-68-schedule-pension-amounts.pdf). 5. California Public Employees’ Pension Reform Act (PEPRA) effective January 2013 (http:/www.publiclaegroup.com/wp- content/uploads/2012/12A-Guide-to-Pension-Reform-Under- AB340-and-AB-197.pdf). 6. Acceptable levels of solvency for pension plans (http://etf.wi.gov/news/morningstar-report2013.pdf ).

Additional Recommendations 3

These recommendations are not explicitly linked to specific findings.