County approves amendment to deferred-compensation plan to allow in-plan conversions
The court approved an amendment to the county's Nationwide 457(b) deferred compensation plan to allow in-plan conversion options (including Roth IRA rollovers) for plan participants; staff said the county makes no employer contribution to the plan.
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County staff (Sheila) explained the amendment to the Lavaca County Nationwide 457(b) deferred compensation plan, noting that the county does not contribute to the plan but offers it as an employee-directed savings option. The change adds an in-plan conversion option to allow rollovers like a Roth IRA into the plan; staff described the action as checking a previously unchecked option rather than changing contribution rules.
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