Board hears staff on 403(b)/457 compliance update; staff says no district cost

At its September 2025 meeting, the Sylvania Board of Education heard a staff report about updates to the district's retirement plan documents for its 403(b) and 457 plans to comply with IRS rules. A staff member described the change as an administrative compliance update and said it would not create a cost for the district.

The staff member told the board the update involves Omnia and TSACG compliance and a partnership with Azovos; the district previously administered plans through Voya. The staff member said the action is to bring plan documents into alignment with current IRS regulations and described the change as an administrative, not a benefit-cost, action. "No cost to the district," the staff member said.

Board members did not debate the details on the record and moved the item to a vote. The motion passed with board members voting in the affirmative.

The discussion was presented as an administrative compliance item; the board did not approve any changes to benefit levels or employer contributions during the meeting.