curnowc Posted January 16, 2008 Report Share Posted January 16, 2008 Proceedings of the 403 (b) Ad Hoc Committee School District No. 2, Yellowstone County High School District No. 2, Yellowstone County Billings, MT January 9, 2008 Call to Order The 403 (b) Ad Hoc Committee Meeting was held at the Lincoln Center on Wednesday, January 9, 2008, at 12:00. Committee members present were: Leo Hudetz, Thomas Harper, Dan Martin and Jeff Greenfield. Dennis Lusin, Financial Consultant with D.A. Davidson and Company, was excused from the meeting. Overview of 403 (b) Leo presented overview: • IRS Regulations states plan document must be developed by January 1, 2009. Every school district must comply. • Leo distributed an I.R.S. sample document and suggested committee review it before the next meeting • Need to discuss between TPA (3rd party administration) or selecting one company as 403 (b) representative • Jeff and Dan voiced concerns about employees not having options. Dan feels up to six vendors may be needed. Jeff stated it could be a change in working conditions if there are not enough options. It was agreed education to all employees is needed. Leo is to draft letter to all employees explaining reason for upcoming changes, IRS regulation, and a projected timeline. Jeff will discuss letter in union newsletters. Leo distributed tentative schedule of tasks. Adjournment The meeting was adjourned at 1:10 p.m. The next meeting is scheduled at 10:00, January 23, 2008, in Room 216. _______________________ Leo Hudetz, District Clerk ____________________________ Eva Anthony, Recorder Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.