On Air
Mon - Fri: 06:00 AM - 09:00 AM

Sonoma County Reduces Unfunded Pension Liability

A new report shows Sonoma County has reduced its unfunded pension liability by 34 percent since 2021.

The total debt is now down to $409 million. The reduction is credited to strong investment returns and the Board of Supervisors making early payments. The County’s decision to accelerate debt payments—totaling $24.2 million early—is expected to save taxpayers $19.4 million in interest over the next two decades.

Officials say this disciplined action strengthens the pension system for all employees and protects essential County services.

Recommended Posts

Loading...