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Board adds VRS 457 plan to approved vendor list and removes inactive provider
Summary
Director of Finance Brandon Lee asked the board to add a VRS 457 provider to the approved vendor list and remove a vendor with zero participants; the board approved the vendor revision by motion.
Director of Finance Brandon Lee asked the board to approve a revision to policy GBRBR to add a VRS 457 provider to the division’s vendor list and to remove a vendor that currently has no participants.
Brandon Lee said the request is to align vendor options with current staff participation. Board member Matt East moved to approve the change; Tim Davidick seconded the motion and it carried.
The board directed Human Resources and Finance to effect the vendor change and update administrative records. No dollar amounts or vendor names were listed in the minutes; the transcript records only that one vendor had zero participants and was removed.
