CalPERS tells school employers vacation pay counts only when time off is taken; circular and phased start planned CalPERS officials clarified that vacation payouts are pensionable only when used to cover scheduled work time that the employee was excused from; lump‑sum cash‑outs and prorating vacation across non‑scheduled days are not reportable. Staff said a circular with examples is coming and compliance is expected to begin in fiscal year 2026–27.

CalPERS has just clarified that vacation pay counts towards pension only when it covers scheduled work time, leaving many employers to rethink their payroll practices.

Get the details!

#CA #CitizenPortal #EmployerLiabilities #PayrollCompliance #PublicEmployeesRetirement

House advances mobile sports wagering bill that diverts wagering revenue to PERS after casino 'make‑whole' fund; floor amendment adds $600M PERS infusion Lawmakers passed HB 15‑81 to authorize tethered mobile sports wagering; the floor adopted a high‑profile amendment proposing a $600 million capital infusion into PERS contingent on actuarial assumptions, and the bill passed after recorded votes.

Mississippi just took a major leap in the gaming world by passing a bill for mobile sports wagering that promises to funnel millions into the state's retirement system!

Click to read more!

#MS #CivicAccountability #CitizenPortal #MobileSportsWagering #MississippiCasinos #PublicEmployeesRetirement

Lake Oswego School District plans budget adjustments and new bond measure for November ballot District discusses $2 million contingency plans and prepares for upcoming bond election.

The Lake Oswego School District is grappling with crucial budget changes and a potential bond measure that could reshape the future of local education.

Click to read more!

#OR #PublicEmployeesRetirement #LakeOswegoSchools #EducationFunding #BudgetAdjustments