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The board unanimously approved a seven-year actuarial consulting contract running through December 31, 2032, and approved a June warrant totaling $880,002.17. Funding schedules discussed during the actuarial presentation were tabled until the July meeting.
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The contract covers actuarial services used to evaluate the retirement system and its funding needs. The board also approved pension, annuity, veterans’ and dependent benefits, cost-of-living adjustments, refunds, and related payments in the $880,002.17 warrant. It approved a notice about the Fiscal Year 2027 cost-of-living adjustment and new health insurance rates for retirees and surviving spouses, although the specific rates were not included in the minutes.
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