Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
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…
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
