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Board asks staff to explore options to lower PERS costs and protect district reserves
Summary
Finance staff urged the board to consider aggressive steps to reduce pension-related liabilities (UAL/PERS), including prepayments and multi-district strategies; the board asked for education and a later report on options.
The board spent time on finance strategy, focusing on pension liabilities administered through PERS and the district’s Unfunded Actuarial Liability (UAL). Staff said reducing UAL exposure is a key lever for long-term financial stability and described options for board consideration, including establishing reserves to make targeted PERS buy-downs and participating in coordinated,…
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