Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Pensions topic
No spam. Unsubscribe anytime.
Business director briefs board on PERS rates and budgetary effects
Summary
Director of Business Services Michelle Jones briefed the board on how PERS rates are calculated, current status and projected bond expirations and described the potential impacts to district finances going forward.
Michelle Jones, the district’s director of business services, presented an update on the Public Employees Retirement System (PERS). She reviewed how PERS rates are calculated for school districts, outlined background and current status, and discussed expiration dates and future projections for PERS bonds and how those items can influence district budgets.
Board members asked follow-up questions during the presentation and Mrs. Jones responded. The item was presented for information; no board action was recorded in the minutes.
