1. Pension & OPEB Funding Policy Adopted — District Targets 100% Funding by 2032 The Board unanimously adopted a formal Pension and Other Post-Employment Benefits (OPEB) Funding Policy establishing a "glidepath" framework to achieve full funding of both pension and retiree health obligations by 2032. The policy includes dynamic contribution triggers and contemplates use of a Section 115 Trust for managing volatility. Staff noted the district does not maintain hidden reserves in unfilled positions, and the policy preserves board authority to amend as conditions change.
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