The Blair County Commissioners will use part of the proceeds from the sale of Valley View Nursing Home to help cover a $29-million deficit in the county’s pension fund.
Finance Director Robert Kuntz tells WRTA News that a total of $8-million dollars will be put into the fund over the next four years. Kuntz said Tuesday the county will also look at reducing the interest rate paid on member contributions and reducing overall administrative expenses.
Kuntz says the county will also see some savings because the county’s workforce has shrunk with the sale of Valley View.
The county is also in the process of hiring a new investment consultant who will review the fees the board is paying for the administration of their fund.
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