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Committee to consider amended 403(b) plan that would add Roth IRA option for employees
Summary
District business staff asked the committee to pull an amended 403(b) plan from the consent agenda for separate consideration; the amendment updates the plan to align with IRS language and would permit staff to invest directly in Roth IRAs through approved vendors. The committee discussed process and vendor selection; a formal vote was scheduled.
District business and finance staff asked the Revere School Committee on Oct. 21 to pull an amended 403(b) plan document from the consent agenda and vote on it separately.
The amendment updates the district’s 403(b) plan to reflect current IRS language and adds the ability for employees to invest directly in Roth IRAs through the district’s approved vendors. Staff told the…
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