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CalPERS Board Approves New Actuarial Policies | KNCO
Nevada County's Chief Financial Officer Joe Christoffel explains CalPERS action.
click to hear Joe Christoffel
has already taken steps to lessen the impact of it's retirement obligation.
The county has 775 full-time equivalent employees enrolled in CalPERS and all new employees after January 1, 2013 are in a lower tier of benefits.
says the new policy by CalPERS will increase costs in the short term.
click to hear Joe Christoffel
says the change will not take effect until the 2015-16 budget year.
Joe Christoffel, Deputy ...
Joe Christoffel, Deputy County Executive/CFO, has announced his retirement which will be effective at the end of this Fiscal Year, June 30.
Joe started with the County in 2002 and has been instrumental in maintaining the fiscal health of the County during a time of great economic uncertainty.
County CEO Rick Haffey says Christoffel instituted prudent budget practices and an annual budgeting process which has served the County well and has engendered the confidence of the Board of Supervisors and the county CEO.
Joe has been instrumental in many County projects that led to maintaining the financial stability of the County, including negotiating a 20-year comprehensive Solid Waste Franchise Agreement with Waste Management increasing county franchise revenues by $900,000 annually; refunding the County's Facilities Certificates of Participation (COP) bonds resulting in saving approximately $50,000 in interest annually for the remainder of the bond life; providing key analysis during labor negotiations; overseeing the Airport operations through some knotty issues; and often coming to the rescue of many a County Department when they had found themselves facing financial challenges.
will also be remembered for his
Midwestern sensibilities and sayings such as "we must keep our powder dry" and "vigilance above all" and "let the issue mature".
Christoffel announces ...
Christoffel announces retirement as Nevada County's deputy CFO
Joe Christoffel, Deputy County Executive/CFO, has announced his retirement which will be effective at the end of this Fiscal Year, June 30, according to a Friday memo from County CEO Rick Haffey.
Christoffel started with the County in 2002 and has been instrumental in maintaining the fiscal health of the county during a time of great economic uncertainty, Haffey wrote.
was instrumental in many county projects that led to ...
The same day, Nevada County's ...
The same day, Nevada County's CFO Joe Christoffel gave his scheduled quarterly report on the county's fiscal health to the Supervisors, including some details on the un-funded liabilities.
KNCO Newstalk Radio - Local
Nevada County's Chief Financial Officer, Joe Christoffel says Governor Brown's May revise budget that was released Monday does not make any major changes to Nevada ...