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Controller proposes 1.5% payroll premium to pre‑fund termination payouts
Summary
County controller proposed a termination pool funded by a 1.5% charge on benefited employees’ payroll plus a $1 million one‑time infusion to pre‑fund OPEB and separation payouts, with plans to monitor attrition savings and adjust rates over time.
Davis County’s controller proposed creating a termination pool to smooth and pre‑fund future payouts for retirements, sick‑leave and separation by charging departments a premium on payroll.
"This was a charge of 1.5% on all gross payroll that would be charged to each department ... It would be accumulated in a termination pool and that would be used to pay out…
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