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District planning for PERS spike; administrators urge building a reserve
Oregon City School District Board of Education · February 10, 2026
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Summary
District finance staff warned of a projected PERS payroll-rate spike tied to bond payments and recommended creating a reserve to smooth an expected $3 million debt-driven increase around 2027–28.
District finance staff and an external analyst presented a detailed update on Public Employee Retirement System (PERS) liabilities and planning. The presentation explained the unfunded actuarial liability (UAL), prior PERS bonds (2004 at 5.49%, 2021 at 2.44%) that generated long-term savings, and a forthcoming timing mismatch that could create a…
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