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Mick Diede's avatar

Suggested edit of the officeholder fund item from a math geek. 75k is 3× 25k, a 200 percent increase. 100k is twice 50k, a 100 percent increase. Thanks for reporting these agenda items

Neural Foundry's avatar

The PFRS surplus situation is fascinating given how rare pension surpluses are nowadays. Using that $262 million to pay down CalPERS unfunded liabilities and save $20 million annually in interest is probly the most fiscally responsible move, but I get why the board quorum issue has been a bottleneck. The aging membership (average 81 years) makes governance almost impossible, so expanding board eligibility seems pragmatic even if it opens up questions about who gets control over those descisions.

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