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PERS Administrative Committee approves FY27 administrative budget, cuts Tier‑5 spending authority
Summary
The Administrative Committee approved the fiscal year 2027 administrative budget request, which staff said is roughly $2.7 million lower than the prior‑year budget primarily because most Tier‑5 special‑fund spending authority and a one‑time $200,000 startup state allocation were removed; the request includes additional funds for elevator updates.
Miss Higgins, staff member, presented the FY27 administrative budget request to the Administrative Committee and asked for approval. She told the committee the packet (Tab D) shows a budget request that is "a decrease of approximately 2,700,000 less than what will be the prior year budget" once the new fiscal year is in effect. She attributed the reduction primarily to backing out most Tier‑5 special‑fund spending authority and the removal of a $200,000 one‑time startup allocation that had appeared in earlier materials.
"There are two main differences in the budget request. One is to back out the great majority...spending authority for Tier 5 implementation...the…
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