Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Lodi board backs automatic-enrollment 403(b) plan for staff with 1% default
Lodi School District Board of Education · October 14, 2024
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
The board voted 6–0 to recommend an automatic-enrollment 403(b) program through the district provider (WA Trust) with a 1% default contribution and an opt-out option, accompanied by staff education about the plan.
The Lodi School Board voted unanimously to recommend implementing an automatic-enrollment 403(b) tax-sheltered annuity program through the district’s provider, WA Trust, with a 1% default contribution for staff and an opt-out option.
Administration described the proposal as part of a broader fiscal-wellness and workforce-retention strategy.…
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
