District warns PERS changes could add millions to Newberg SD 29J costs when pension bond relief ends CFO Nathan Rodell told the board that Newberg’s pension obligation bond and temporary legislative relief have reduced costs to date but will end in 2028, creating a risk of large employer-rate increases that could add $1.6M–$4.3M to expenses depending on the percentage-point change.

Newberg SD 29J faces a looming financial crisis as state pension costs could skyrocket by up to $4.3 million once current relief measures expire in 2028.

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