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Beginning as early as the 2008-2009 school year, Brunswick County Schools’ teachers may have to do some extra financial budgeting.
Freyja Cahill, executive financial officer, said the IRS has been restructuring deferred compensation plans since 2005, but is implementing new rules the school system must follow.
School employees that do no work during the summer months currently have the option of receiving paychecks for either 10 or 12 months.
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