Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Commission approves application to seek IRS determination for modified preapproved plan
2334301 · February 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Commission authorized filing for IRS approval for a modified, non‑standard preapproved plan (GMABs 2 plan) after staff said the plan is not a standardized plan and IRS determination is required; motion carried in a recorded roll-call.
The Augusta Commission voted to authorize staff to file an application with the Internal Revenue Service seeking determination for adopters of a modified, non‑standard preapproved retirement plan.
Interim Director Sherrer told the body that the GMABs 2 plan is not a standardized plan…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
