San Diego Unified School District's Board of Education is considering whether to start a 457(b) plan for its 18,000 full-time employees, with AIG VALIC as the bundled provider, said Music McCall, spokeswoman. The board is expected to make a decision in January; the date of the meeting has not been decided.
Currently, the district has 85 403(b) plans, each with its own provider, Ms Music said. The plans are provided through the $197.4 billion California Public Employees' Retirement System and the $133 billion California State Teachers' Retirement System, both in Sacramento. AIG VALIC offers one of the 403(b) plans.