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Board approves PAR supplementary retirement plan; enrolled employees' decisions become irrevocable
Summary
The board approved the PAR supplementary retirement plan (SERP), which staff said will generate district savings; staff noted the enrollment window closed Jan. 15 and that enrollments in the plan are irrevocable once submitted.
Sharron (human-resources) presented the PAR supplementary retirement plan and said district analysis shows the plan will generate savings for EUHSD. She explained the enrollment window closed Jan. 15 and that, if employees enrolled, the decision is irrevocable. The board approved the plan in a recorded vote.
Board members noted several employees in the audience supported the item. The superintendent was confirmed to remain in his role and not retire, as some in the audience expected. Sharron summarized that enrolled employees' resignations and retirements are "confirmed and locked in" once the board approved the plan.
