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Board adopts resolution restating 403(b) plan
Summary
The board adopted a resolution restating the district's 403(b) retirement plan in accordance with IRS rules; presenters described it as restating the plan document and asked for adoption by voice vote.
Board members considered a resolution to restate the district403(b) plan to comply with IRS regulations. A presenter described the matter as a restatement of the plan document and asked the board to adopt the resolution.
The board heard that this action is tied to IRS requirements for plan documentation; after a brief opportunity for questions the board adopted the resolution by voice vote. The transcript records supportive 'aye' responses and no roll-call breakdown in the packet.
