Staff noted actuaries recommended increasing the discount rate used for present-value liability calculations (from 3% toward 4.5%), which would reduce liabilities and funding pressures for many small relief associations; workgroup members asked staff to include that scenario in the report.

Members debated requiring a 10‑year full‑vesting schedule for relief associations, discussed phase‑in options (including delaying effective date to 2030) and reviewed spreadsheets showing which associations would move from no municipal contribution to a recurring contribution under a 10‑year rule.

Because a small number of relief associations would face larger liabilities under a 10-year vesting rule, the LCPR work group discussed mitigation: delaying implementation (members favored 01/01/2030), asking for a one‑time cash pool (placeholder $200,000 over the biennium), temporary funding waivers, and statutory notice/analytic requirements for PERA and OSA.