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Board adopts interim planning agenda including standby-pay study and records-retention item tied to PSOB
Summary
Trustees approved an interim-planning package that includes actuarial and administrative presentations, policy studies such as standby-pay and a measure to allow some retired members to serve as chiefs, and added a records-retention review intended to support PSOB claims and evidence preservation.
Jacob White, executive director and staff to the board, led an interim-planning discussion that included a lighthearted kickoff video and a substantive list of proposed presentations and studies for the interim. Staff proposed actuarial and administrative presentations, two legislatively mandated policy reports, educational briefings on purchasing annuities and service credit, and several policy studies.
Trustees discussed items for study this year, including reinstating wildland and aviation firefighters' enrollment analysis, select‑committee requests about oversight of a restated plan, staff-recommended educational briefings on annuity purchases, and traditional policy items such as standby pay, the COLA bank, survivor-benefit vesting and Career Choice employer-mandated 457 contributions.
Following conversation — and after adding a staff-suggested records-retention agenda item to address PSOB evidence issues — a two-part motion to adopt the actuarial/administrative presentations and to advance selected policy items (standby pay, permitting retired members to serve as police chiefs in small departments and retention schedules related to PSOB) was made, seconded and adopted by voice vote.
Staff plans follow-on presentations (Troop HR market work, actuarial findings and educational outreach) and will work with partners (DRS, employer groups, unions) on communications and study logistics.
The board concluded the meeting with routine administrative updates and public comment and adjourned for the month; the next meeting was set for May 27.
