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Board approves Oregon Savings Growth Plan 457 option, adopts sick-time and fund-balance policies and renews contracts
Summary
The board unanimously approved a resolution to offer the Oregon Savings Growth Plan (a 457 deferred-comp option), adopted a revised sick-time policy and a fund-balance policy (10% goal, 8% trigger), and approved recommended renewals of licensed and administrative contracts for 2026–27.
At the meeting the board approved several formal actions after discussion and staff reports.
Oregon Savings Growth Plan (457): After Kim described the plan as employee-directed and carrying "0 cost to the employer," a motion to adopt a resolution allowing the district to offer the Oregon Savings Growth Plan (OSGP) — administered via Voya Financial — was moved and, following discussion about fiduciary responsibility and portability, carried by voice vote. Staff noted the plan requires a board resolution for adoption and that the State of Oregon acts as the plan fiduciary.
Sick-time policy (GCDDV/GNDDV): The board completed a second reading of a sick-time policy revision and discussed the meaning of "concurrent" leave (sick pay running at the same time as federally protected leave). The board moved, seconded and adopted the policy by voice vote.
Fund-balance policy (DB): The board discussed a fund-balance policy that sets a 10% goal and an 8% threshold that would require a board resolution if reserves fell below it. The motion to adopt the fund-balance policy carried by voice vote.
Renewal of contracts: The board voted to approve the recommended renewal and nonrenewal of licensed staff and administrative contracts for 2026–27 as presented.
Votes at a glance: - Consent agenda: approved (motion carried by voice vote). Provenance: agenda motion and vote during the consent portion of the meeting. - Resolution to include Oregon Savings Growth Plan (457): approved (motion carried by voice vote). Provenance: motion and discussion about OSGP and Voya Financial. - Sick-time policy (GCDDV/GNDDV): adopted (voice vote). - Fund-balance policy (DB): adopted (voice vote); policy sets 10% goal and 8% threshold triggering a required board resolution if crossed. - Renewal of licensed and administrative contracts for 2026–27: approved (voice vote).
Where the transcript did not clearly identify who made or seconded particular motions, the article notes the motion and that the board adopted the item; mover/second are recorded as "not specified in transcript" when attribution was unclear.
The board recorded no roll-call tallies in the public transcript; votes were taken by voice and recorded as "motion carries."
