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Retirement board seeks to remove 90-day waiting period for disability pay; actuarial cost small, consultant says
Summary
Jennifer Schroeder, executive director of the retirement board, proposed removing a 90-day elimination period for approved long-term disability and paying accrued sick and vacation upon approval; consultant Bob Cross said the change would cost about $6,000 a year in actuarial terms.
Jennifer Schroeder, executive director of the county retirement board, presented proposed amendments to the disability rules that would remove a 90-day elimination period and require payout of accrued sick and vacation to employees approved for long-term disability, aligning disability payouts with retirement benefits.
Schroeder said the…
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