District Administration - February 2009 - (Page 41) HUMAN RESOURCES The Aftermath of the New 403(b) Regulations By eleanOr lOwDer In late July 2007, the Internal revenue Service dropped a bombshell in the form of new 403(b) regulations, which present great challenges for public school districts and community colleges. The challenge for employees participating in 403(b) plans is the new environment created by the requirement that 403(b) programs in existence since 1961 suddenly are required to be part of one plan. Because the final regulations and the subsequent revenue procedure were put into place well before certain other necessary guidance was available (such as a plan document prototype program, and correction procedures specially focused on the changes in the final regulations), various organizations filed comment letters with the IrS (among them were the association of School Business Officials International) requesting an extension of the general effective date of the final regulations. Updated Rules unfortunately, the IrS responded with notice 2009-3 on December 11, 2008, which we might describe as “too little” and “too late.” In that notice, the IrS notes: 1. an employer can wait until December 31, 2009, to actually adopt the written plan IF 2. During 2009, the employer conforms and operates the 403(b) plan under a “reasonable interpretation” of the February 2009 41 Your questions answered regarding the newest retirement regulations www.DistrictAdministration.com http://www.DistrictAdministration.com
Table of Contents Feed for the Digital Edition of District Administration - February 2009 District Administration - February 2009 Contents Advertiser Index Editor's Letter News Update Security Curriculum Crisis Response Supervisor's Opinion The Rise of the Virtual Teacher Speaking Their Language Alternate Transportation Routes Opinion The Aftermath of the New 403(b) Regulations How Well Does This Web Site Work? Problem Solution New Products Product Focus Professional Opinion District Administration - February 2009 District Administration - February 2009 - District Administration - February 2009 (Page Cover1) District Administration - February 2009 - District Administration - February 2009 (Page Cover2) District Administration - February 2009 - Contents (Page 1) District Administration - February 2009 - Contents (Page 2) District Administration - February 2009 - Advertiser Index (Page 3) District Administration - February 2009 - Advertiser Index (Page 4) District Administration - February 2009 - Advertiser Index (Page 5) District Administration - February 2009 - Editor's Letter (Page 6) District Administration - February 2009 - Editor's Letter (Page 7) District Administration - February 2009 - News Update (Page 8) District Administration - February 2009 - News Update (Page 9) District Administration - February 2009 - News Update (Page 10) District Administration - February 2009 - News Update (Page 11) District Administration - February 2009 - Security (Page 12) District Administration - February 2009 - Security (Page 13) District Administration - February 2009 - Curriculum (Page 14) District Administration - February 2009 - Curriculum (Page 15) District Administration - February 2009 - Crisis Response (Page 16) District Administration - February 2009 - Crisis Response (Page 17) District Administration - February 2009 - Supervisor's Opinion (Page 18) District Administration - February 2009 - Supervisor's Opinion (Page 19) District Administration - February 2009 - Supervisor's Opinion (Page 20) District Administration - February 2009 - Supervisor's Opinion (Page 21) District Administration - February 2009 - Supervisor's Opinion (Page 22) District Administration - February 2009 - The Rise of the Virtual Teacher (Page 23) District Administration - February 2009 - The Rise of the Virtual Teacher (Page 24) District Administration - February 2009 - The Rise of the Virtual Teacher (Page 25) District Administration - February 2009 - The Rise of the Virtual Teacher (Page 26) District Administration - February 2009 - The Rise of the Virtual Teacher (Page 27) District Administration - February 2009 - Speaking Their Language (Page 28) District Administration - February 2009 - Speaking Their Language (Page 29) District Administration - February 2009 - Speaking Their Language (Page 30) District Administration - February 2009 - Speaking Their Language (Page 31) District Administration - February 2009 - Speaking Their Language (Page 32) District Administration - February 2009 - Speaking Their Language (Page 33) District Administration - February 2009 - Alternate Transportation Routes (Page 34) District Administration - February 2009 - Alternate Transportation Routes (Page 35) District Administration - February 2009 - Alternate Transportation Routes (Page 36) District Administration - February 2009 - Alternate Transportation Routes (Page 37) District Administration - February 2009 - Opinion (Page 38) District Administration - February 2009 - Opinion (Page 39) District Administration - February 2009 - Opinion (Page 40) District Administration - February 2009 - The Aftermath of the New 403(b) Regulations (Page 41) District Administration - February 2009 - The Aftermath of the New 403(b) Regulations (Page 42) District Administration - February 2009 - The Aftermath of the New 403(b) Regulations (Page 43) District Administration - February 2009 - How Well Does This Web Site Work? (Page 44) District Administration - February 2009 - How Well Does This Web Site Work? (Page 45) District Administration - February 2009 - Problem Solution (Page 46) District Administration - February 2009 - Problem Solution (Page 47) District Administration - February 2009 - New Products (Page 48) District Administration - February 2009 - New Products (Page 49) District Administration - February 2009 - Product Focus (Page 50) District Administration - February 2009 - Product Focus (Page 51) District Administration - February 2009 - Professional Opinion (Page 52) District Administration - February 2009 - Professional Opinion (Page Cover3) District Administration - February 2009 - Professional Opinion (Page Cover4)
For optimal viewing of this digital publication, please enable JavaScript and then refresh the page. If you would like to try to load the digital publication without using Flash Player detection, please click here.