Wednesday, February 8, 2012

Proposed IRS Charter School Pension Rules

Here's a link to the Education Week article. Within it are links to comment to the IRS. http://blogs.edweek.org/edweek/campaign-k-12/2012/02/hill_lawmakers_concerned_about.html?print=

The Board has enlisted Professor Charles Auffant of Rutgers University Law School to do a pro-bono review of the bylaws. The revised bylaws will be voted upon at the Annual Meeting. They are posted on the school website for your review. http://www.ecsnj.org/board/board.aspx
The most significant changes are:
1. To formalize the voting rights of part time employees
2. To formalize the fact that employees on leave do not vote
3. To update the bylaws to include electronic notifications
4. To substitute "Finance Committee Chair" for Treasurer as per recent changes in State Law
5. To clarify requirements that no candidates may have a business/financial relationship with the school
6. To clarify that board candidates may run for public office but must withdraw/resign if their campaign is successful
7. To clarify election rules in case of tie
8. To clarify requirements for calling a Special Meeting

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