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Board continues budget‑balancing item; staff expects full pension contribution in July

Board of Employee Retirement System · July 24, 2026
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Summary

The board voted to continue the budget‑balancing item to next month's agenda. Staff said the full pension contribution will be made in July after a state reimbursement was received.

The board took no final action on the budget‑balancing agenda item and voted to continue the matter to next month's meeting.

The chair said there was no substantive discussion this month and staff noted timing matters: state reimbursement had arrived and, with that receipt, staff said, "we will have made our full pension contribution" in July. The chair moved to continue Item 3 to the next month's agenda and the motion carried.

The continuation preserves time for staff to prepare cash‑flow documentation for the next meeting, which staff said was not provided this month because there were no changes to report.