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PERS board moves to recover $26,836.84 from delinquent municipality and notes retiree payroll and investment report
Summary
The claims committee asked the board to seek recovery of $26,836.84 in delinquent contributions from the town of Chula; the board approved that action, certified municipal COLAs for 2027, and approved the retiree and investment reports noting payroll of about $224 million and more than 124,000 retirees.
The board acted on reports from the claims and related committees, approving collection steps for delinquent contributions and accepting routine reports.
Mr. Yarbrough reported the town of Chula remains delinquent in contributions and the claims committee requested steps to recover $26,836.84; the board moved and approved that request by voice vote.
The board certified 2027 municipal cost-of-living adjustments as presented and then approved the retiree report, which listed monthly payroll at approximately $224 million and more than 124,000 retirees. The board also approved the investment report and any trades and transactions since the last meeting; meeting speakers highlighted the portfolio surpassing $40 billion in recent months.
All motions described in the transcript were adopted by voice vote; no roll-call tallies were recorded in the meeting record.
