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District moves to restate 403(b) plan to allow partial withdrawals for retirees
Summary
A proposed Retirement Plan Board resolution would restate the district's 403(b) plan to permit retirees to make partial withdrawals at varied amounts and times; previously partial withdrawals were not allowed.
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Justin Krueger introduced a Retirement Plan Board resolution to restate the district's 403(b) plan. Under the proposed language, retirees would have the ability to take partial withdrawals in differing amounts at any time; Krueger said the current plan does not permit partial withdrawals.
The resolution was presented as an item on the meeting agenda for consideration. No formal adoption was recorded in the committee meeting minutes provided.
