BOURBON - The Triton School Board approved three resolutions Monday dealing with the reorganization of Triton School Corp.'s retirement and severance plan.Triton schools have been working since 2000 to meet Indiana's mandate that all school systems must be prepared to forward pay retirement/severance plans for employees by Dec.31.The schools must begin to forward pay Dec.31, 2004. The resolutions passed Monday were a bond resolution, authorization of a hearing on additional appropriations and a tax neutrality resolution.According to schools superintendent Ted Chittum, the resolutions put the school corporation in a position to sell bonds in February or March, which will allow them to comply with the new state mandates. Chittum said with the new system of forward paying retirement/severance benefits, the school corporation will know exactly what their costs in that area will be each year and employees will have more control over their benefits.
TIM ROBERTSON, Times-Union Correspondent- | July 28, 2016