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Budget committee warned of steep PERS rate increases and payroll pressure
Summary
Presenters told the Corvallis SD 509J budget committee that advisory PERS rates could jump to about 27.74% in a future biennium and that prior side‑account buydowns are ending, increasing district payroll costs and long‑term budget pressure.
Lauren Wolf, a district staff member leading the orientation, warned budget committee members that rising Oregon PERS advisory rates are a major long‑term cost driver for the district. She said advisory rates for the 2027–29 biennium showed a sharp increase from roughly 16.13% in an earlier biennium to 27.74% in the advisory rates, and that the district's previous use of side accounts (created with prior bond proceeds) to buy down its employer rates is ending.
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