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Paramount Unified proposes supplemental retirement plan with enrollment window for eligible staff
Summary
The district presented a PARS supplemental retirement (SRP) proposal with eligibility criteria for certificated and classified staff, an enrollment window opening Oct. 10, 2024, a Jan. 24, 2025 paperwork deadline, and board final approval targeted Feb. 12, 2025; staff estimated about 287 potentially eligible employees.
Paramount Unified’s Business Services staff presented a supplemental retirement plan (SRP) administered by PARS at the Oct. 9 board meeting and recommended opening an employee enrollment window if the board approves the plan.
Presenter Patricia explained the key points: eligibility will be limited by age and years of district service with slightly…
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