District Contribution definition

District Contribution means legally available money of the District, in

District Contribution. For any District teacher who retires from the District and had elected the severance package over the district matching contribution, with twenty (20) years of teaching service, of which at least 15 years are in the District, the School District will contribute $16,000 to the Health Care Savings Plan with the Minnesota State Retirement System within three (3) months of the effective date of retirement. If the teacher dies prior to payment into their HCSP with the Minnesota State Retirement System, any or all payments not yet made cannot be directed to the HCSP and will be paid to the teacher’s beneficiaries or estate.

District Contribution means the dollar amount required to be deposited into OSERS by the District to fund member benefits.

Examples of District Contribution in a sentence

• If the School District Contribution exceeds the premium cost, no reimbursement will be made to the employee.

• Pursuant to RCW 39.53.070, the Refunding Trustee is hereby appointed to serve as trustee to oversee the safekeeping and application of the Bond proceeds and the District Contribution, if any, delivered to it.

• All additional premium costs in excess of the Total District Contribution shall be paid by the employee through payroll deduction.

• The percentage can be calculated as follows: Percentage spent on hard construction = Total Reported Hard Construction Expenditures/Total Grant (State Share + District Contribution) For any New Construction projects that received a site acquisition, relocation assistance, hazardous waste removal, or a DTSC grant those amounts are not included in the “Total Grant” portion of the calculation.

• The percentage can be calculated as follows: Percentage spent on hard construction = Total Reported Hard Construction Expenditures/Total Grant (State Share + District Contribution) For any Charter School New Construction projects that received a site acquisition, relocation assistance, hazardous waste removal, or a DTSC grant those amounts are not included in the “Total Grant” portion of the calculation.

More Definitions of District Contribution

District Contribution means legally available money of the District, in addition to proceeds of any Series of Bonds, necessary or advisable to accomplish any Refunding Plan, as determined by the Designated Representative.

District Contribution means the 0.033% sales and use tax and Convention Center admissions and parking taxes, if any, levied and collected by or on behalf of the District pursuant to RCW 82.14.390.

District Contribution. The district shall match annually up to 1% of the base salary to either the Minnesota DCP or an appropriate 403(b) annuity on a dollar for dollar basis. The district's matching amount is not considered as reportable salary on the W-2 or for high five retirement.

District Contribution. The School District shall contribute an annual sum of $3,500 to a principal when the contribution is matched by a principal and used for tax shelter annuities (retirement investments).

District Contribution. The District shall contribute toward the premium of the retiree only the amount authorized at time of retirement by the Board of Education. Such contributions to be applicable to premiums of health benefit plans approved by the Board of Education. Such contribution to be applicable to premiums of health benefit plans approved by the Board of Education as follows for employees retiring on or after April 1, 1993, (until retiree reaches age 65 or qualifies for Medicare) whether retiree is subscriber or dependent. The District contribution for employees who elect to retire between the ages of 55 to 65 who have served at least 10 consecutive years of service in the District is $2,100.00 for full time service of 6 to 8 hours per day. For employees who serve less than 6 hours the contribution will be pro-rated. Retiree's Contribution - A retiree, continuing in Inter Valley, dental, vision, or life, who elects this option shall provide to the district payroll department, prior to October 1 of each year, twelve

District Contribution means the amount of premium contributed by the District to the plan in which the employee or retiree is enrolled to provide coverage for the employee or retiree and his/her eligible dependents.

District Contribution. For those hired prior to July 1, 1983, the maximum annual district contribution shall be based on 2% of the salary from schedule A.