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Wells Branch MUD affirms identity-theft safeguards and adds Roth catch-up option to 457(b) plan
Summary
The board confirmed its identity-theft prevention program after Crossroads reported no red-flag incidents, approved adding a Roth catch-up contribution option to the District's 457(b) retirement plan, and recessed to executive session to seek legal advice on a fees-of-office request (no action taken).
On Jan. 20 the Wells Branch Municipal Utility District Board confirmed its annual review of the District's Identity Theft Prevention Program. General counsel John Bartram summarized the federal 'red flag' rules that require such programs for certain creditors, and Dallas Worth of Crossroads reported that no red-flag incidents had been detected in the past year and that Crossroads had provided breakout training to customer-service staff. The board approved the resolution confirming the annual review (motion by Director Palmer; second by Director Solis; unanimous).
The Board also voted to amend the District's 457(b) retirement plan to add a Roth catch-up contribution option in response to recent changes in applicable law; the Board approved the amendment subject to benefits counsel review of final paperwork (motion by Director Palmer; second by Director Ward; unanimous).
Separately, Ms. Ross reported receipt of a request for fees of office that falls outside the District's code of ethics; the Board convened in executive session under Section 551.071 of the Texas Government Code to receive legal advice and reconvened with no action taken.
Why it matters: confirming the identity-theft program preserves customer safeguards and adding the Roth catch-up option brings the District's benefits in line with recent law changes; the executive-session referral preserves privilege while seeking counsel on a governance matter.
