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Omaha's unfunded pension gap will grow to $876 million under an actuary's recommendation
The City of Omaha’s unfunded pension liabilities will grow to an estimated $876 million under newly adopted recommendations, including lower assumed investment returns.
And it’ll take a little longer for the pension funds to be fully funded.
The city has two plans covering Omaha city employees, one for police and fire, and one for civilians.
Cavanaugh Macdonald Consulting LLC made a number of suggestions for the plans, including that the city lower its assumed annual investment returns to 7.75 percent for the police and fire fund and 7.5 percent for the civilian fund.
Read more: https://www.omaha.com/news/metro/omaha-s-unfunded-pension-gap-will-grow-to-million-under/article_0edc6f7b-73ab-5ab2-b290-ba6c12ba6590.html