Potential retirement, pension trouble ahead for Livingston Parish schools

LIVINGSTON PARISH, LA (WAFB) - Livingston schools aren't scheduled to begin until next week, but an audit released Monday found potential retirement and pension trouble ahead.

The report says money needs to be set aside for growing retirement benefits other than pensions.

The state-hired auditor says the school board owes more than $30 million in other post-employment costs in addition to pensions.

State recommendations to set up a trust fund have not been acted on by the board, but the board says it has taken all of this under advisement.

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