School District of Clay County Green Cove Springs, Florida |
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Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearings for Special Actions regarding Students - 5:00 p.m. REGULAR MEETING - 7:00 P.M. |
Agenda Item #74 Item Title C-42 Agreement between School Board and TSA Consulting Group. Inc. Issue/Rationale In order to meet IRS requirements the need to retain administration services is required for the School Board to be in compliance with the new IRS Regulations for the voluntary retirement program under Sections 403(b) and 457 of the Internal Revenue Code. Recommended Action Approve six (6) year renewal contract to implement an Agreement between the Clay County School Board and TSA Consulting Group, Inc. Financial Impact Financial impact to the School Board for Comprehensive Program based on Category 1 (less than 5,000 employees): Year 1 - $5.73 per year per employee billed monthly: 7/1/2014 to 6/30/2015 with a 3% increase yearly. Rates are based upon all eligible employees as per contract. Submitted By Dr. George F. Copeland, C.P.A., Assistant Superintendent for Business Affairs Data Source: Nancy G. Racine, Director of Purchasing, Accounts Payable and Materials Management Attachment: School District of Clay County FL - Contract 7-1-14 smm.pdf |