Public commenter asks why board didn’t detect PEP financial problems earlier
During public comment Kent Ervin urged the board to address loss of institutional knowledge and said statute requires active and retiree risk pools be commingled; the board did not reach a determination but asked consultants to analyze structural options and legal constraints.
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Kent Ervin told the board he could not review all materials posted only hours earlier but urged a deeper strategic review of the underlying issues raised by the fiscal memo and a related April 16 memorandum.
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