Board of Directors Meeting Agenda


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Meeting Date: 12/06/2017  

SUBJECT MATTER:
Receive, consider and act upon a Resolution authorizing changes to The Woodlands Township 401a Retirement Plan;
FISCAL IMPACT:
None.
BACKGROUND:
During the 2018 Budget process, the Board authorized a change in the Township match structure beginning January 1, 2018.  Any employees hired on or after January 1, 2018 will be eligible for a one-to-one match of 12% of their eligible compensation.  In order for The Woodlands Township 401a Retirement Plan to be amended to allow this change, the attached Board Resolution must be approved.
RECOMMENDATION:
Approve The Woodlands Township Board of Directors Resolution to amend The Woodlands Township 401a Retirement Plan effective January 1, 2018.
Attachments
Resolution 023-17


    

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