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GERS board authorizes $20 million second tranche of employee loan program
Summary
The Government Employees' Retirement System Board voted to authorize a second $20 million tranche of its active personal loan program for employees, with $10 million allocated per district and conditions to be finalized, after staff reported the first tranche yielded roughly an 8% return.
The Government Employees' Retirement System Board of Trustees voted March 26 to authorize a second tranche of its active personal loan program, approving a $20 million allocation for employee loans with $10 million assigned per district and conditions to be worked out by staff.
Board staff told trustees the program, which restarted in 2024 with a…
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