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Legislation Details
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File #:
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24-5491
Version:
1
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Name:
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County Employees’ and Officers’ Annuity and Benefits Fund (“Pension Fund”)
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Type:
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Intergovernmental Agreement
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Status:
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Approved
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On agenda:
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11/21/2024
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Final action:
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11/21/2024
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Title:
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PROPOSED INTERGOVERNMENTAL AGREEMENT
Department: Office of the Chief Financial Officer
Other Part(ies): County Employees' and Officers' Annuity and Benefits Fund ("Pension Fund")
Request: Authorize an additional appropriation to the Pension Fund for annuitant health care costs
Goods or Services: The County will disburse additional funds to the Pension Fund to assist in the payment of costs related to annuitant health care.
Agreement Number(s): N/A
Agreement Period: 12/1/2024 - 11/30/2025
Fiscal Impact: $56,019,767.00
Accounts: N/A
Summary: The purpose of this Intergovernmental Agreement is to promote the long-term fiscal sustainability of the Pension Fund by supporting the administration of annuitant health care plans on behalf of the County.
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Indexes:
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(Inactive) TANYA S. ANTHONY, Chief Financial Officer, Bureau of Finance
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title
PROPOSED INTERGOVERNMENTAL AGREEMENT
Department: Office of the Chief Financial Officer
Other Part(ies): County Employees’ and Officers’ Annuity and Benefits Fund (“Pension Fund”)
Request: Authorize an additional appropriation to the Pension Fund for annuitant health care costs
Goods or Services: The County will disburse additional funds to the Pension Fund to assist in the payment of costs related to annuitant health care.
Agreement Number(s): N/A
Agreement Period: 12/1/2024 - 11/30/2025
Fiscal Impact: $56,019,767.00
Accounts: N/A
Summary: The purpose of this Intergovernmental Agreement is to promote the long-term fiscal sustainability of the Pension Fund by supporting the administration of annuitant health care plans on behalf of the County.
end
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