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Board adopts state retirement participation resolution to offer 403(b)/401(k)/457 options
Summary
Millington Municipal Schools approved a resolution to join state-participating retirement products so employees can access Tennessee Deferred Compensation and state 401(k) options; a State Treasury representative briefed the board beforehand.
The Millington Municipal Schools Board of Education voted to adopt a resolution and participating-employer agreement to offer state retirement products including 401(k) and 457 deferred-compensation options and to allow participants to roll existing 403(b) accounts into the state platform.
Tim Joyce, a representative of the Tennessee State Treasury West Tennessee field team, briefed the board on the change and said…
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