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June 29, 2010

SUP. ANTONOVICH: ITEM NUMBER 70.

SUP. MOLINA, CHAIR: ITEM 70.

SUP. ANTONOVICH: ON THE PENSION ISSUE. I WAS JUST-- AS TO THE ACTIVE MEMBERS THAT ARE IN OUR VARIOUS PLANS TO PERHAPS WE HAVE 1,968 MEMBERS WHO ARE STILL ACTIVE COUNTY EMPLOYEES THAT ARE IN PLAN "A" AND WE HAVE IN PLAN "E" 28,483. MOST OF OUR EMPLOYEES ARE IN PLAN "D," 51,885, AND THE QUESTION IS, WHAT IS THE-- DO WE HAVE A PROJECTION OVER THE NEXT FIVE YEARS RELATIVE TO THAT PLAN "A," "B," "C" NUMBERS GOING OVER TO THE RETIRED SIDE?

SPEAKER: I'M SORRY. CAN YOU REPEAT YOUR QUESTION?

SUP. ANTONOVICH: THE QUESTION IS, HOW MANY ARE WE PROJECTING ARE GOING TO BE RETIRING THAT ARE CURRENTLY IN PLANS "A," "B," OR "C" WITHIN THE NEXT FIVE YEARS?

SPEAKER: I'M NOT SURE WE'RE ABLE TO MAKE THOSE PROJECTIONS BECAUSE THEY'RE BASED ON INDIVIDUAL ACTIONS BUT WE CAN WORK WITH L.A.C.E.R.A. ON THEIR ACTUARIAL PROJECTIONS FOR THAT REMAINING POPULATION IN THOSE CLOSED PLANS.

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