401a Retirement Plan Clause Samples
401a Retirement Plan. The City shall contribute an amount equal to four percent (4%) of each employee’s base salary in a 401a retirement plan biweekly, which shall be administered by the employees covered by this agreement.
401a Retirement Plan. Starting with the 2002-03 School Year the corporation established a section 401(a) Retirement Plan for teachers to be funded with contributions by the corporation. The corporation agrees to contribute 1% of the teachers’ base salary as established in the Teacher’s Master Contract Compensation Plan. Contributions to the 401(a) Plan will be done on a quarterly basis. The plan will provide for vesting after fifteen
401a Retirement Plan. Effective January 1, 2020, the Town will contribute up to $1,500 annually in a two for one match to a 401A Deferred Compensation Plan. Members of the bargaining unit must contribute to a Town-sponsored deferred compensation plan in order to participate in the 401A Retirement Plan program.
401a Retirement Plan. If eligible under guidelines, members of RPPSMA may participate in the City’s 401(a) retirement plan.