Board Policies

The following are policies and guidelines adopted by the PRB to assist plans and provide clarity for processes.

  • PRB Pension Funding Guidelines
    • The guidelines are intended to foster communication between plans and their sponsors as they determine a reasonable approach to responsible funding, whether the contribution rate is fixed or actuarially determined.
  • Principles of Retirement Plan Design
    • The principles are intended to guide and inform public retirement systems and their associated governmental entities on how to structure retirement plans.
  • Negotiated Rulemaking and Alternative Dispute Resolution Policy
    • The policy adopts by reference the model guidelines for Alternative Dispute Resolution Procedures developed by the State Office of Administrative Hearings.
    • The policy establishes the use of negotiated rulemaking as appropriate when engaging in rulemaking activities and the use of alternative dispute resolution to resolve internal and external disputes when appropriate.