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Board approves updated Summary Plan Description effective Oct. 1, 2025
Summary
Klausner & Kaufman presented an updated Summary Plan Description that incorporates prior edits and adds financial Exhibit B; the board voted to accept the SPD as effective 10/01/2025.
Miss Paris of the law firm Klausner & Kaufman presented an updated Summary Plan Description and an added Exhibit B with financial information, stating that "the changes that we discussed have been made, and the exhibit b, financial information has also been added." She noted the SPD will be effective Oct. 1, 2025.
After brief review the board moved to accept the updated SPD; Romero moved, Carter seconded, and trustees approved the update by voice vote. Paris said the SPD will remain in effect for two years unless further changes arise.
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