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By Joe Naiman
Village News Correspondent 

NCFPD employees to help with pension debt paydown

 

Last updated 6/1/2018 at 4:33pm



The employees of the North County Fire Protection District have offered to forego a full pay raise in order to reduce the district's unfunded pension liability.

A 4-0 NCFPD board vote May 22, with Kathleen Thuner absent, accepted the offer to increase the district's payment into the California Public Employees' Retirement System and reduce the district's future CalPERS funding obligations.

"We had an opportunity to start paying down a portion of our CalPERS UAL," said NCFPD fire chief Steve Abbott. "The employees came forward and opted to participate in our accelerated paydown program."

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