OSBA offices temporarily close, but staff and advice still available
The Public Employees Retirement System Board, which meets Friday, has released school district-specific advisory rates for 2021-23.
The report by Milliman, the state’s actuary, said the financial modeling reflects most of the provisions in Senate Bill 1049, this year’s PERS reform bill. Not all the law’s effects are clear yet.
In September, Milliman estimated school districts’ average PERS net rate would increase 1.5 percentage points for 2021-23.
The actual employer rates based on this year’s fund performance will be adopted next fall.
- Jake Arnold, OSBA