10/20 #8: The Definitive Session on Pensions: LAFCo’s Two-fold Responsibility to Take Care of Its Own and Review Agencies

Thursday, October 20, 2022  |  3:15 pm - 5:00 pm

LOCATION: Crescent Bay

LAFCos have a two-fold responsibility regarding pensions and OPEBs. First, LAFCos are responsible for their own liabilities and payments. As a government agency, commissioners and staff need to understand the impacts of, and how to address, pension and OPEB liabilities. Second, as we perform service reviews, LAFCos should be reviewing pensions and OPEBs -- not just identifying liabilities, but also the benefits and consequences of funding or not funding its pension and OPEB obligations. In some cases, this financial liability leads to service insolvency.

Panelists: Isabel Safie, Partner, Employee Benefits Practice Group of Best Best & Krieger LLP.; Jim Bagley, Chair, San Bernardino LAFCo; Samuel Martinez, Executive Officer, San Bernardino LAFCo; Michael Tuerpe, Sr. Analyst San Bernardino LAFCo

1.75 AICP CM credits