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Placer Union board authorizes early-retirement incentive study; district to review enrollment results in November
Summary
The board approved a resolution to open a contingent enrollment window for a PARS-administered early-retirement incentive and directed staff to return in November with actual enrollment and fiscal analysis before final approval.
The Placer Union High School District Board of Trustees on Tuesday voted 5-0 to authorize a contingent enrollment window for an early-retirement incentive administered by Public Agency Retirement Services (PARS).
The board's action lets PARS begin member outreach and collect irrevocable enrollment packets from eligible employees. PARS will run a post-enrollment analysis and return to the board after the window closes, giving trustees the final numbers needed to decide whether to approve the plan.
PARS Senior Vice President Ryan Ocasio told trustees the program would offer a one-time supplemental benefit, paid into an annuity, to eligible employees who are both district service–eligible…
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