Committee flags rising PERS costs as side account expires, seeks breakdown
District staff told the committee Seaside's PERS side account is depleting early and that roughly $2.0 million of a $2.4 million PERS increase drove proposed reductions; the committee asked staff to post a detailed breakdown of PERS drivers and supporting spreadsheets.
The full story
District staff told the budget committee that expiring PERS side accounts and underperforming investments are the principal reasons for higher employer contribution costs.
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