Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves supplemental‑retirement offer to reduce layoffs
Summary
The Pajaro Valley board approved offering a supplemental employee retirement plan (SERP) intended to encourage resignations/retirements and reduce layoffs; Keenan Associates will run counseling and the district will return with a final cost analysis after enrollment.
The Pajaro Valley Unified School District board voted Jan. 14 to offer a supplemental employee retirement plan aimed at reducing the number of planned layoffs.
The plan, presented by consultants from Keenan Associates, would give eligible certificated and classified employees the option to retire or resign with a guaranteed annuity paid over a limited period or rolled into IRAs. Keenan described eligibility criteria (employees must be at least 55 by June 30, 2026, have five years of service and submit paperwork by March 13) and several payout options, including a five‑year lump…
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
