Sentences with phrase «district pension board»

On Tuesday, the administrator of the park district pension board said Kelly, a 38 - year veteran of the parks, has not yet applied for his pension.

Not exact matches

The deal comes hot on the heels of Canada's Ontario Teachers» Pension Plan Board and United States - based Renewable Resources Group purchase of Macquarie Group's owned and operated almond properties, also in the Sunraysia district of north - west Victoria, for more than $ 115 million earlier this month.

The St. Charles park board president cited a misunderstanding in explaining why the district sent out a press release that inaccurately described the departure of the parks director as a retirement due to his being «fully vested» in his pension, rather than as a resignation.

The Park District election in Highland Park promises to be a hot one this April after Lorenz Werhane, Jr., who resigned amid a pension - padding controversy, threw his hat in the ring to run again for a seat on the board.

Goettel acknowledged Ochromowicz did resign, but Goettel said he and other park board members believed Ochromowicz would retire and collect full pension benefits upon his departure from the St. Charles district.

Bowing to public pressure amid a pension controversy, Highland Park Park District board President Lorenz Werhane Jr. announced Tuesday that he would step down after the board finds replacements for the two other board members who resigned last week.

Some districts do negotiate over who pays the contribution — the district or individual teachers — but under statewide pension systems, decisions about benefit structures and contribution levels are all made by state legislators, state comptrollers or treasurers, or even unelected pension boards.

Those measures allowed the school board to impose a $ 250 million property tax increase to cover teacher pension payments, and sent $ 131 million of new grant revenue to the district.

Those fears crescendoed when the school board voted one month before the May 16 election to support State Bill 808, which would have allowed school districts to close or reject charter schools if they could be considered a financial burden to the district, which has yet to decrease its staffing levels despite declining enrollment and is facing billions of dollars in unfunded pension liabilities and projected budget deficits.

During that presentation to the school board, budget officials showed board members a sobering graphic — that by 2031 - 32, half of the district's general fund budget would be spent on healthcare benefits and pension costs.

This session will address the Board's guidance for «retirement suite» benefits (pension and other postemployment benefits («OPEB») that school districts provide to their employees) as well as the GASB's efforts to update the financial reporting model used by school districts.

In January, a company that has performed independent audits of LA Unified for seven years told a school board committee that the district had gone into the red for the first time, with liabilities outstripping assets by $ 4.2 billion, in large part because of having to report $ 5.2 billion in retiree pension liabilities.

Jesse Ruiz, the school district's interim CEO and board member, issued a statement Monday repeating assertions that CPS» projected $ 1.1 billion budget deficit was «the result of shamefully low state education funding and a broken pension system that penalizes Chicago taxpayers and our city's children.»

The scenario is a little different in the 43,000 - student Adams 12 school district, where in June the Board of Education opted to close a budget hole by asking teachers to make the same pension contribution as other employee groups.

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The district staff will explain to the school board their plans to decrease the deficit drivers at future meetings when they explore special education, pension costs and retired benefit costs.

Mr. Miller has appeared in numerous forums, including the Florida Supreme Court; the U.S. Court of Appeals for the Eleventh Circuit; the U.S. Court of Appeals for the District of Columbia Circuit; Florida State District and Circuit courts; the National Labor Relations Board; the Florida Public Employees Relations Commission; the Florida Department of Administrative Hearings; the Florida Commission on Human Rights; the Miami - Dade Equal Opportunity Board; the Broward County Human Rights Division; and local administrative agencies such as pension and personnel boards.