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Board approves switch to CSD Trust for district 403 retirement plan
Summary
The Savannah R‑III Board unanimously approved switching the district’s 403 retirement plan from Prime Capital/Invesco to CSD Trust; presenters said the change offers better returns for employees and carries no cost to the district.
Board members approved a motion to change the district’s 403 retirement plan provider. The presenter explained that the district evaluated multiple 403 options and chose CSD Trust (recommended by a colleague and former superintendent) because the rates were ‘‘significantly better’’ and would earn more for employees. The presenter said the change comes at no cost to the district and attached documentation to the board materials. The motion was moved, seconded and approved unanimously.
