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Danbury officials say paraeducator transition into city pension plans is ‘in progress’
Summary
District staff reported that paraeducator accounts are being set up with vendor MissionSquare after litigation; withheld funds are being transferred and a 3% city match remains to be scheduled while actuaries will assess any lost investment earnings.
District staff told the Danbury Board of Education that work to place paraeducators into the city pension arrangements is underway following prior litigation.
Kim (district staff) said the district has been collaborating with city staff and vendors to identify affected paraeducators, set up individual MissionSquare accounts and move withheld…
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