TO: BOARD OF SUPERVISORS
FROM: Mendocino County Employees Retirement Association
MEETING DATE: February 3, 2026
DEPARTMENT CONTACT:
Doris Rentschler
PHONE:
707-463-4329
DEPARTMENT CONTACT:
Judy Zeller
PHONE:
707-463-4328
ITEM TYPE: Consent Agenda
TIME ALLOCATED FOR ITEM: N/A
AGENDA TITLE:
title
Acceptance of the Mendocino County Employees Retirement Association Actuarial Valuation Report for the Fiscal Year Ending June 30, 2025; and Adoption of the Retirement Contribution Rates Contained Within the Report for Fiscal Year 2026/2027
End
RECOMMENDED ACTION/MOTION:
recommendation
Accept the Mendocino County Retirement Association Actuarial Valuation report for the fiscal year ending June 30, 2025; and adopt the Retirement Board's recommended employee and employer retirement contribution rates as contained within the report for fiscal year 2026/2027.
End
PREVIOUS BOARD/BOARD COMMITTEE ACTIONS:
Actuarial reports are submitted annually for acceptance and adoption of contribution rates by the Board of Supervisors.
SUMMARY OF REQUEST:
Segal Consulting prepared an Actuarial Valuation for the Mendocino County Employees Retirement Association as of June 30, 2025. This report is being provided to the Board of Supervisors with a recommendation from the Retirement Board, pursuant to Government Code Section 31453(a), to set the employer and employee contribution rates for fiscal year 2026/2027 as contained within the report as computed and recommended by Segal.
The aggregate recommended employer contribution rate for fiscal year 2026/2027 is 40.27% of payroll, a 1.55% decrease from the fiscal year 2025/2026 aggregate rate. The aggregate recommended employee contribution rate for fiscal year 2026/2027 is 10.28% of payroll, an increase of 0.04% from the fiscal year 2025/2026 aggregate rate.
The plan's funded ratio, on a valuation value of asset basis, increased from 74.2% to 76.4%. While on a market value of asset basis, the funded ratio...
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