The Norwalk Police Department announces the tentative funeral arrangements for Officer Matthew Morelli.
Times have not yet been determined as this is a working plan.
Wednesday evening 03/26/08 Wake Collins Funeral Home - 92 East Avenue Norwalk
Thursday morning 03/27/08 Mass St. Matthew’s Church - 216 Scribner Ave Norwalk
Last Thursday, the budget committee of the BOE met to discuss a variety of topics. One of which was the presentation by Ominigroup, a company that does essentialy paperwork required by the IRS for public school districts’ 403(b), 457(b), and 401(a) programs.
If you are familiar with the ubiquitos 401k, then these plans are essentially similar. They exist so that public education organizations get the tax treatment extremely similar to a 401(k) plan. Money that goes into a 403(b) plan are made before income tax is paid on it, and allowed to grow tax deferred until the money is taxed as income when taken out of the plan. Which brings us to why the 403b was created. Historically teachers could only invest in TSA’s (Tax Sheltered Annuities) and the 403b introduced the ability to purchase mutual funds instead.