Education
Town Officials: Here’s What Happened With That Retirement Contribution Plan That Upset Town Education Officials
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After the chairperson of the Board of Education and the superintendent of schools criticized town officials for informing them of suddenly increased pension plan contributions after the superintendent had already submitted a recommended budget, the first selectman and town administrator responded at a Board of Education meeting last week. There was a dramatic change in the amount actuaries are now recommending that the town contribute to the pension plan for town and school district employees. The change means sharply higher costs for the town, including an increase of $250,000 for the part of the payment coming from the 2018-2019 education budget. “[At] the most recent Board of Ed meeting […] there was some drama over the pension numbers,” Stevenson said. What Was Said at the Board of Education Meeting
From Darienite.com’s Jan.