This term will expire July 1, 2002. Olson has been on the Board since 1987, and has served as Chairman since March, 1996. They are appointed by the Governor and are subject to Senate confirmation. The other three must come from the private sector. 1998 Board Schedule Retirement Board meetings have been scheduled for 1998.
Meetings are open to the public.
If you would like to attend a meeting, you may want to call ahead to confirm the time, date and location. Because of this reduction, employers have extra funds available, and many are passing these funds along to employees as bonuses. Numerous notices about the rate reduction were sent to members, but many people are still confused as to how the reduction relates to bonuses. Other government units may choose different way to use their excess funds. That decision belongs solely to the employer.