1984-36 Suggesting Liquidation Of The Unfunded Past Service Costs Of The Kodiak Island Borough School District Public Employees Retirement System (PERS).1
1 0 1 2 1 1 ! ; ,
KODIAK ISLAND BOROUGH
RESOLUTION NO. 84 -36 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH SUGGESTING LIQUIDATION OF
THE UNFUNDED PAST SERVICE COSTS OF THE KODIAK ISLAND BOROUGH SCHOOL DISTRICT
PUBLIC EMPLOYEES RETIREMENT SYSTEM (PERS).
WHEREAS, by the latest actuarial study available for the Kodiak
Island Borough School District reflects a liability for unfunded past service
costs to the Public Employees Retirement System in the amount of $267,117.00;
and
WHEREAS, it is desirable for the Kodiak Island Borough School
;District to liquidate this obligation and thus reduce the PERS rates for the
future.
NOW, THEREFORE, BE IT RESOLVED that the Kodiak Island Borough School
District examine this problem and present its findings to the Assembly at the
earliest convenience. The Assembly will encourage the School Board to con -
sider this question prior to the Assembly's adoption of the FY 85 School
..'District Budget which is scheduled for April 26, 1984.
PASSED AND APPROVED this '
day of 1984
by the Kodiak Island Borough Assembly.
( ATTEST:
By i
oroug er
KODIAK ISLAND BOROUGH
By
orough aFayor