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Plan resolution approval required of U-46 board

By Seth Hancock
  The Board of Education in School District U-46 is set to vote on a resolution pertaining to employee retirement plans at its upcoming meeting on Monday, Sept. 9.
  The resolution, which authorizes individuals to act on behalf of the district’s 457(b) and 403(b) plans, was presented to the board at its Aug. 26 meeting. Board member Melissa Owens was absent.
  U-46 will be using AIG Federal Savings Bank to manage the plans and there were two parts to the resolution according to Jeff King, deputy superintendent of operations.
  “AIG, the company that we are moving towards for our 403(b) and 457 plans, requires us to have a resolution taken to our board and approved by our board for authorized signers for any documents that need to be signed by administration,” King said.
  King along with Dale Burnidge, director of finance, and Bruce Phelps, senior business official, are listed as authorized signers.
  “The second part of that is the individuals that will have authority to access employee information on their website for informational purposes and/or whenever there’s any issues that arise as far as our payroll system, communicating with them, etc.,” King said.
  Burnidge and King along with Lori Nommersen, retirement/pension specialist, and Diane Belton, payroll coordinator, were named in the resolution for this authority.




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