The Plymouth School Board took steps last week to close out 2019 and get ready for 2020. Board members passed a resolution authorizing Treasurer Kandi Tinkey to pre-write checks and make the normal transfers among funds, to process invoices between now and the end of the year. They also scheduled their first meeting in 2020 for Tuesday, January 7 at 7:00 p.m.
In other business, the Plymouth School Board approved a couple of documents related to previously-approved changes in retirement benefits, at the recommendation of Superintendent Andy Hartley. “This is the plan document that reflects changes that we made in the master contract,” he explained. “This one just wasn’t quite done. We did the 401 (a) last month. This one wasn’t quite done. It is now. If you recall, we made an adjustment in the master contract that now teachers receive 1.75 percent of their base salary in the VEBA. This plan document reflects that change. Additionally, you’ll see a document here that’s just a needed update in the business associate agreement we have with Security Benefit as it relates to HIPPA regulations.”
After December 31, the school corporation will no longer contribute into employees’ 401(a) accounts but will increase its contribution to a voluntary employees’ beneficiary association plan.
