Participants discussed whether to make additional payments to reduce a retirement liability and how such payments would interact with ongoing regular contributions.
"Then there was a discussion of paying down the retirement liability. If, if we made it whatever amount, whether it was 25,000 or 50,000 or whatever, if we made a payment to that and still kept paying our regular amount... did you talk to them and say that they approve that money?" Speaker 2, a staff member, asked about confirmation from the retirement system.
A follow-up remark in the transcript referenced a percentage described as "7 7 and a half percent" and that payments would be made monthly, but the transcript also notes that staff had not confirmed the retirement system's acceptance of the proposed payment schedule.
No formal payment motion or vote is recorded in the transcript. The exchange indicates participants want to verify with the retirement system before committing budget dollars to a one-time payoff or accelerated payment plan.