Board approves restatement of district 403(b) retirement plan
September 30, 2026 | Murfreesboro, School Districts, Tennessee
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The board voted to approve a restatement of the district's 403(b) retirement plan, which staff said updates plan documents to reflect IRS preapproved plan requirements, 2022 cumulative guidance and provisions related to the SECURE Act. Director Dr. Duke told the board the restatement is intended to confirm administrative structure and employee participation rules; staff said "There is no additional cost identified as a result of this restatement."
Board members moved and seconded the action and approved the restatement by voice vote. Staff noted employer contributions and participant rights will continue to be governed by existing agreements and district policies.
Board members moved and seconded the action and approved the restatement by voice vote. Staff noted employer contributions and participant rights will continue to be governed by existing agreements and district policies.
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