FPDR board approves $3.3 million budget amendment after clean audit; disability costs fall
The FPDR board approved amendments shifting roughly $3.3 million across pension and PERS-reimbursement lines after auditors from Baker Tilly delivered an unmodified opinion; staff also reported lower disability costs and progress on IT and claims-reporting fixes.
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The Fire and Police Disability and Retirement Plan Board of Trustees on Nov. 18 accepted a package of budget amendments that reallocate roughly $3.3 million to reflect higher-than-expected starting pensions for recent retirees and lower-than-expected PERS reimbursements tied to reduced overtime, after auditors presented a clean annual opinion.
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