§ 62-10.002. Allocation of funds for other post-employment benefits.

Latest version.

(a)

As used in this section, the phrase "other post-employment benefits" has the same meaning as in General Accounting Standards Board Statement 45.

(b)

As the following future resources become available, they will be allocated to funding other post-employment benefits.

Resource	Beginning Fiscal Year	Amount
Redirect From Workers Compensation Program	2008/2009	$10,000,000
Redirect From UAAL Rate Adjustment Payments	2009/2010	$10,000,000
Redirect Pension Obligation Bond Payments (Retired Bond)	2022/2023	$47,000,000
Total Annual Future Resource Redirection	2024— onward	$67,000,000

(c)

The allocation of future resources specified in this section can be changed only by a five-fifths vote of the board of supervisors.

(d)

Nothing contained herein shall prevent the county from complying with applicable state or federal laws.

(Ord. No. 2014-04, § II, 4-1-14; Ord. 2008-16 § 2)

                    
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