The Friday memo from the county cited an “erroneous methodology” in resident Mike McDaniel’s “Other Voices” that ran in The Union on Feb. 25. McDaniel is a board member of the SES Foundation. He co-authored what he calls a “prophetic” report titled “Unfunded Liabilities — Our Community’s Fiscal Time Bombs.” The county cited oversimplified analysis in that report as well, as reported previously.
Here’s what the Friday memo said:
Pension Liability Article
This past Saturday there was an Other Voices opinion article that grossly overstated the cost per county employee at $222,000. The fully loaded cost per employee is well below half of that erroneous number. This outrageous statement was apparently derived at by the author because he divided the entire County budget by the number of employees currently budgeted. This was an erroneous methodology.
Enough said. But don’t count on it being enough for this group.