FROM: Barbara Hannah, Chief Counsel
SUBJECT: Benefits Policy No. 035 (Deposits Into Income Only (Miller) Trusts)
RECOMMENDATION:
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Recommend that the Board approve and adopt updates to Benefits Policy No. 035 (Deposits Into Income Only (Miller) Trusts).
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BACKGROUND:
General Policy No. 005 involves the periodic review of Board Policies and indicates that the Administrative Committee shall review Benefit policies every three years.
Pursuant to General Policy No. 005, staff has conducted a review of Benefits Policy No. 035 (Deposits Into Income Only (Miller) Trusts) and has found it consistent with current practice. Staff is therefore recommending renewal of Benefits Policy No. 035 (Deposits Into Income Only (Miller) Trusts) without substantive change.
BUDGET IMPACT:
None.
STRATEGIC PLANNING GOAL/OBJECTIVE:
Operational Excellence & Efficiency
STAFF CONTACT:
Barbara Hannah
ATTACHMENTS:
Exhibit A: Benefits Policy No. 035 (Deposits Into Income Only (Miller) Trusts)