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Chico Unified board discloses $100,000 retirement agreement approved in closed session
Summary
The Chico Unified School District board announced it unanimously approved in closed session an agreement with an employee: two months’ pay plus a $100,000 lump-sum payment upon retirement. Board members said it was the only action taken in closed session.
The Chico Unified School District board said in open session that, during a closed session immediately before the July 30 meeting, it unanimously approved an agreement under which an employee will retire in exchange for two months’ pay and a $100,000 lump-sum payment.
Board members said that was the only action taken in closed session and that no public comment was received on the matter prior to the announcement. The board did not provide additional details about the employee’s position, the effective retirement date, or whether the payment will come from restricted or unrestricted funds.
The board did not vote on the agreement in open session; the disclosure was informational. The district’s public meeting packet and subsequent minutes are the likely place for further details on the transaction.
No legislative or policy change was announced; the board moved on to the published agenda after making the disclosure.
