Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Boone County board approves elective sick‑day buyout into 403(b); employees, unions raise concerns
Summary
Board approved a policy allowing eligible employees to convert excess sick‑day carryover into a 403(b) contribution at 125% in an effort to limit future actuarial pension costs; teacher and classified employee representatives warned of potential harms and requested stronger employee outreach and procedural safeguards.
Boone County — The Boone County School Board approved a revision to district policy (second reading) that offers eligible employees the option to convert sick‑day carryover above a state threshold into a 403(b) contribution paid at 125% of the value, a move administrators said is intended to avoid newly imposed actuarial pension charges the Commonwealth will bill to districts.
Superintendent Dr. Hauswald explained the policy addresses a legislative requirement that districts report employees who transfer more than 13 benefit days; the district says actuarial…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
