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Meeting Date:
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10/8/2012 - 6:30 PM
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Category:
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Consent Agenda
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Type:
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Action
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Subject:
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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)
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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Certificate of Adopting Resolution 12-13-14 with back-up information.
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File Attachment:
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Summary:
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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).
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Funding:
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N/A
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Fiscal Impact
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N/A
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Recommendation:
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Adopt Resolution 12-13-14 as presented.
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Approvals:
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Recommended By:
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Signed By:
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Bryan Richards - Chief Financial Officer
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Signed By:
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Steven Lawrence - Superintendent
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