Tom White announced to the 
This is the most difficult newsletter column I've had to write in my career. I'm announcing my retirement from 
I appreciate this vote of confidence from the 
“There are other people in my district who are members of 
Declining interest rates due to our lagging economy has many school districts wondering if they should refinance their debt. According to data obtained from the Michigan Municipal Advisory Council, 62 Michigan school districts issued a total of $1,050,650,000 in refinancing bonds in 2007. 
The Citizen’s Research Council (CRC) tracks trends in state government spending. They estimate that the MPSERS rate will rise annually for the foreseeable future. For 2006-07 the effective rate was 17.74% of payroll. For 2007-08 the rate is 16.72%. The decline in rate is due to a change in the “smoothing” methodology for calculating investment income – going from five-year smoothing to a single-year mark-to-market. They will build back to five-year smoothing going forward. Read more
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Welcome to the February issue of the MSBO Newsletter. In this Issue In Other News
MSBO Board Matthew Losch Immediate Past President Robert Burgess President Elect Michael M. Adamczyk Troy School District Darcie Birkett Ottawa Area ISD Jeffrey P. Crouse Charlevoix-Emmet ISD Robert K. Dwan Millington Community Schools Angie McArthur Engadine Consolidated Schools Frederick C. Hailer Associate Member Representative Pass it on Know anyone who might be interested in our newsletter? Click here to forward this email to up to 5 friends at once. This email was sent to [email address suppressed] |
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President's View...Stephanie Eagen - Time of Change
Executive Director’s View...Tom White – Passing the Torch
MSBO: Positioning for the Future
I am also excited at the possibilities for the future of MSBO. While no one could ever really fill the void that will be created when a leader like Tom White retires, I look forward to continuing the long tradition of excellence he established. Read more MSBO Board Member View – MSBO Resources Make a Difference If you have been a member of MSBO for any period of time, you have probably had someone ask you this question. As a member of the MSBO Board for the past several years, it is a question I have heard a number of times. Read more Is Refinancing Right for Your District?
Retirement Costs Continue Upward Slope
MIEM and the Center for Educational Performance & Information (CEPI) have teamed up to create sessions specifically aimed at decision-makers who work with the overwhelming amount of data facing schools today. Read more Purchasing Card Program Saves Money
Board of Directors Candidates Announced Would you rather print this Newsletter? Click here for a printer-friendly version of all these articles. |
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In the wake of the final 403(b) regulations, as well as subsequent IRS guidance in Revenue Procedure 2007-71, 403(b) plan sponsors, along with their legal counsel, are busily reviewing and making decisions regarding their plans in preparation for the January 1, 2009 general effective date of some important new requirements. An important part of such a review is determining what options are available. 
Without good data, it is hard to make good decisions. One good decision you can make today is to register for the February 
The 
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