CUpdated 403(
Item Details
- Meeting
- December 1, 2025 – Board of Education Meeting
- Category
- 13. Action Items
- Type
- Action item
- Recommended action
- Move to approve the Updated 403(b) and 457(b) Adoption Agreements.
Motions
Move to approve the Updated 403(b) and 457(b) Adoption Agreements.
Moved by Kelley Cizek · Seconded by Penny Vadla
Yes: Kelley Cizek, Tim Daugharty, Sarah Douthit, Dianne Macrae, Jason Tauriainen, Patricia Truesdell, Penny Vadla, Mica VanBuskirk, Ash-Lee Waddell
Public Content
Background Information:
Starting January 1, 2026, a new federal rule from the SECURE 2.0 Act will take effect.
Under this rule, any age-based catch-up contributions you choose to make to a 403(b) or 457(b) retirement plan must be made as Roth contributions.
KPBSD will now allow employees to move their retirement money more easily.
Starting January 1, 2026, our employees will be able to do 403(b) rollovers, 403(b) plan-to-plan transfers, and 457(b) plan-to-plan transfers, which were not allowed before. This means employees can move their existing retirement savings from one approved provider or plan to another without taking the money out or paying taxes/penalties.