LCSD1 Board of Trustees Work Session & Board Meeting - February 9, 2026

Laramie County School District #1 Board of Trustees · February 10, 2026

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Trust funds presentation: purpose and structure

Presentation

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Mister Ciccarelli (district staff) opened a work-session presentation on trust funds the LCSD #1 board established in May 2020 to prefund two employee benefit programs: an early-retirement health incentive and a retention incentive. He described the trusts' purpose (prefunding long-term liabilities), noted the health incentive and retention plans are closed to new participants, summarized 2021 policy amendments that closed the explicit subsidy and allowed longer-duration investments, and said no board action was requested tonight.

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At a February board meeting, district staff reviewed trust funds set up in May 2020 to prefund two employee benefit programs; an actuary told trustees the retention bonus plan is about 95% funded while OPEB liabilities remain partially unfunded after an explicit subsidy increase. The board approved routine consent items, a $693,340 roofing contract, school-boundary changes and other motions and moved to executive session.

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Transcript

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