Several teachers stood in front of their elected School Board leaders last year, angry in their uncertainty. Some told them that their retirement plans had been thrown into doubt, while others were close to pushing back retirement dates at least a year.
They had just found out that the Supplemental Retirement Program offered by the school system was in financial trouble. More than a year later, auditors have determined that the problem was not quick in the making.
Chesterfield County’s internal auditor recently concluded in a report that the school system’s Supplemental Retirement Program lacked oversight for two decades as its unfunded liability climbed to a peak of…
