|
Meeting Date:
|
|
Category:
|
|
Type:
|
|
Subject:
|
8.17 (Item #20) Certificate of Adopting Resolution 12-13-14 to comply with Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act) and Worker, Retiree, and Employer Recovery Act of 2008 (WRERA) |
|
|
LCAP (Local Control Accountability Plan) Goal:
|
|
Enclosure:
|
Certificate of Adopting Resolution 12-13-14 with back-up information. |
|
|
File Attachment:
|
|
Summary:
|
Mid-America, the District's Third Party Administrator, has presented a supplemental amendment for HEART and WRERA. Adoption of this amendment enables the District's 403(b) plan document to comply in form with various laws including the: 1) Heroes Earnings Assistance & Relief Tax Act of 2008 (HEART Act) (including HEART Act guidance contained in IRS Notice 2010-15 and (2) suspension of 2009 Required Minimum Distributions (RMDs) as set forth in the Worker, Retiree, & Employer Recovery Act of 2008 (WRERA). |
|
|
Funding:
|
|
Recommendation
|
Adopt Resolution 12-13-14 as presented. |
|
|
Approvals:
|
Recommended By: |
Signed By: |
|
Bryan Richards - Chief Financial Officer |
|
Signed By: |
|
Steven Lawrence - Superintendent |
|
|
|
|
|
|
|