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Board approves restated employee retirement plan effective July 1, 2024, contingent on attorney review
Summary
Ripley’s Power and Light Board approved an IRS‑required restatement of its employee retirement plan, effective July 1, 2024, contingent on final review by pension attorney Frank Carney. The board authorized signatures and said it will return to amend any major changes recommended by counsel.
The Ripley Power and Light Power Board approved a restatement and amendment of its employee retirement plan, effective July 1, 2024, contingent on review by the board’s pension attorney.
Board members said the restatement is required to meet IRS rules and to consolidate plan provisions. The board approved the resolution and a separate…
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