This is in response to your March 6, 2013 editorial in the Mountain Democrat. State and Federal statutes, as well as CalPERS’ internal policies, clearly indicate that independent agencies must have their own contract with CalPERS. In addition, the reporting of an agency’s employees under any other agency currently participating in the CalPERS Plan is also prohibited. Consequently, LAFCO “piggybacking” on the county’s PERS contract, which started in February 2005, is not an option.
Regarding the cost, two actuarial reports have concluded LAFCO will save money under its own contract without having a net effect on the county’s assets, liabilities or employer rate and the county has not provided any information that suggests otherwise. A copy of the latest actuary report is available on our Website (edlafco.us) or can be provided to the public on request.
JOSE C. HENRIQUEZ