Common use of 403(b) Match Clause in Contracts

403(b) Match. The Board shall contribute a match of 2% of a teacher’s salary into a qualified IRS Code Section 403(b) annuity plan. To be eligible for this match, teachers must contribute a minimum of 2% of their salary through payroll. The 403(b) vesting schedule for teachers is: 1 year of service – 0% 2 years of service – 0% 3 years of service – 50% 4 years of service – 50% 5 years of service – 100% The school employer has the option of recognizing previous teaching experience. This may be gained from: • Any private or parochial school certified by the General Commission • Any private or parochial school recognized by the duly authorized state agency of any otherstate • Teaching experience in any accredited public elementary or secondary school and other experience recognized by Indiana Teachers’ Retirement Fund • Teaching experience in any elementary or secondary school maintained by the U.S. governmentor teaching experience gained in federally funded programs as approved by the General Commission. Using the Salary Schedule set forth below, for the initial placement purposes only of a new teacher hired by the School Corporation, a level represents a year of teaching service. A teacher’s initial placement on the salary schedule will typically be in the correct degree column and in the level which is equal to the years of service the new teacher has accrued. However, the Superintendent may deviate from this typical placement if he/she deems it appropriate and/or may alternatively pay the new hire a one-time signing bonus in the Superintendent’s sole discretion, which one-time bonus would be paid on January 31 of the new hire’s first contract year. Effective with the 2019-2020 school year, the new minimum starting base salary is being raised from $35,000 to $37,500. All new hires in the 2019-2020 school year who started with a base salary below the new minimum base salary amount will have their starting salary readjusted upward to the new minimum of $37,500. 0-2 $ 37,500 - 40,000 $ 38,500 - 41,000 $ 39,500 - 42,000 3-5 $ 40,000 - 42,500 $ 41,000 - 43,500 $ 42,000 - 44,500 6-8 $ 42,500 - 45.000 $ 43500 - 46,000 $ 44,500 - 47,000 9-11 $ 45,000 - 47,500 $ 46,000 - 48,500 $ 47,000 - 49,500 12-14 $ 47,500 - 50,000 $ 48,500 - 51,000 $ 49,500 - 52,000 15-17 $ 50,000 - 52,500 $ 51,000 - 53,500 $ 52,000 - 54,500 18-20 $ 52,500 - 55,000 $ 53,500 - 56,000 $ 54,500 - 57,000 21+ $ 55,000 - Max $ 56,000 - Max $ 57,000 - Max Head Coach Varsity 2,922 Middle School Coach 1,526 Head Coach Varsity 6,882 Assistant Head Coach 2,922 Assistant (3)* 2,206 8th Grade 2,112 7th Grade 2,112 7th/8th Grade Assistant Coach 2,112 Varsity Boys 2,922 Assistant 2,112 Varsity Girls 2,922 Assistant 2,112 Middle School 1,935 Head Coach Varsity 6,882 Reserve Coach Boys 2,922 Freshman Boys 2,206 8th Grade Boys 2,112 7th Grade Boys 2,112 Head Varsity Girls 6,882 Reserve Coach Girls 2,922 Freshman Girls 2,206 8th Grade Girls 2,112 7th Grade Girls 2,112 Head Coach Varsity 3,896 Reserve Coach 2,112 Middle School 1,935 Head Coach Varsity Boys 3,647 Varsity Assistant Boys 2,112 Middle School Boys 1,935 Head Coach Varsity Girls 3,647 Varsity Assistant Girls 2,112 Middle School Girls 1,935 Head Coach Varsity Boys 2,922 Head Coach Varsity Girls 2,922 Middle School 843 Head Coach Varsity Girls 3,571 Reserve Coach 2,112 Middle School Softball 1,334 Middle School Softball 1,334 Coach Co-ed 411 Boys Coach 411 Girls Coach 411 Head Coach Varsity Boys 3,571 Reserve Coach 2,112 Middle School Baseball 1,334 Middle School Baseball 1,334 Head Coach Varsity Girls 3,571 Reserve Coach 2,112 8th Grade 1,935 7th Grade 1,935 High School 2,922 Middle School 1,526 - Athletic Night Supervisor (3)* 1,131 High School 2,597 Assistant Cheer MS/HS 1,000 Competitive Cheer 1,500 Middle School 976 High School Coordinator 702 High School Math Coach 680 High School Science Coach 680 High School English Coach 680 High School Fine Arts Coach 680 High School Social Studies Coach 680 Middle School Math Coach 423 Middle School Science Coach 423 Middle School English Coach 423 Middle School Social Studies Coach 423 Elementary Math Bowl 423 Elementary Spell Bowl 423 Middle School Spell Bowl 423 High School Spell Bowl 423 Elementary Science Bowl 423 High School Robotics 680 Middle School Robotics 680 Elementary Robotics 680 6-12 Content Coordinators (4)* 768 Standing Committee Members (8)* 768 6th Grade Team Leader 1,025 7th Grade Team Leader 1,025 8th Grade Team Leader 1,025 Elementary Faculty Council (12)* 768 Elementary School Improvement Team (3)* 768 MS School Improvement Team (2)* 768 HS School Improvement Team (2)* 768 High School Sponsor 1,217 Middle School Sponsor 632 High School Director 1,948 Assistant Director 702 HS/MS Director 1,420 Band Director 3,755 Summer Band 2,597 High School Guard 1,319 Summer High School Guard 1,319 Summer Band Assistant 900 Band Instructional Support Assistant (2)* 514 High School 608 Senior Class Sponsor 779 Junior Class Sponsor 1,039 Sophomore Class Sponsor 473 Freshman Class Sponsor 337 FFA (2)* 2,598 FFA Assistant Coach 1,500 Student Council High School 1,215 Student Council Middle School 498 Student Council Elementary School 498 National ▇▇▇▇▇ ▇▇▇▇▇▇▇ High School 702 National ▇▇▇▇▇ ▇▇▇▇▇▇▇ Middle School 702 Post Prom (2)* 118 Open Gym (3)* 2,597 K-5 Elementary (6)* 702 MS/HS (6)* 702 HS/MS Full year class = 1 Stipend* Semester Class = 1/2 Stipend* One per grade. Two days on-site work during summer * The number of positions was not bargained, but has been included merely for informational purposes.

403(b) Match. The Board shall contribute a match of 2% of a teacher’s salary into a qualified IRS Code Section 403(b) annuity plan. To be eligible for this match, teachers must contribute a minimum of 2% of their salary through payroll. The 403(b) vesting schedule for teachers is: 1 year of service – 0% 2 years of service – 0% 3 years of service – 50% 4 years of service – 50% 5 years of service – 100% The school employer has the option of recognizing previous teaching experience. This may be gained from: • Any private or parochial school certified by the General Commission • Any private or parochial school recognized by the duly authorized state agency of any otherstate • Teaching experience in any accredited public elementary or secondary school and other experience recognized by Indiana Teachers’ Retirement Fund • Teaching experience in any elementary or secondary school maintained by the U.S. governmentor teaching experience gained in federally funded programs as approved by the General Commission. Using the Salary Schedule set forth below, for the initial placement purposes only of a new teacher hired by the School Corporation, a level represents a year of teaching service. A teacher’s initial placement on the salary schedule will typically be in the correct degree column and in the level which is equal to the years of service the new teacher has accrued. However, the Superintendent may deviate from this typical placement if he/she deems it appropriate and/or may alternatively pay the new hire a one-time signing bonus in the Superintendent’s sole discretion, which one-time bonus would be paid on January 31 of the new hire’s first contract year. Effective with the 2019-2020 school year, the new minimum starting base salary is being raised from $35,000 to $37,500. All new hires in the 2019-2020 school year who started with a base salary below the new minimum base salary amount will have their starting salary readjusted upward to the new minimum of $37,500. 0-2 $ 37,500 - 40,000 $ 38,500 - 41,000 $ 39,500 - 42,000 3-5 $ 40,000 - 42,500 $ 41,000 - 43,500 $ 42,000 - 44,500 6-8 $ 42,500 - 45.000 $ 43500 - 46,000 $ 44,500 - 47,000 9-11 $ 45,000 - 47,500 $ 46,000 - 48,500 $ 47,000 - 49,500 12-14 $ 47,500 - 50,000 $ 48,500 - 51,000 $ 49,500 - 52,000 15-17 $ 50,000 - 52,500 $ 51,000 - 53,500 $ 52,000 - 54,500 18-20 $ 52,500 - 55,000 $ 53,500 - 56,000 $ 54,500 - 57,000 21+ $ 55,000 - Max $ 56,000 - Max $ 57,000 - Max Head Coach Varsity 2,922 Middle School Coach 1,526 Head Coach Varsity 6,882 Assistant Head Coach 2,922 Assistant (3)* 2,206 8th Grade 2,112 7th Grade 2,112 7th/8th Grade Assistant Coach 2,112 Varsity Boys 2,922 Assistant 2,112 Varsity Girls 2,922 Assistant 2,112 Middle School 1,935 Head Coach Varsity 6,882 Reserve Coach Boys 2,922 Freshman Boys 2,206 8th Grade Boys 2,112 7th Grade Boys 2,112 Head Varsity Girls 6,882 Reserve Coach Girls 2,922 Freshman Girls 2,206 8th Grade Girls 2,112 7th Grade Girls 2,112 Head Coach Varsity 3,896 Reserve Coach 2,112 Middle School 1,935 Head Coach Varsity Boys 3,647 Varsity Assistant Boys 2,112 Middle School Boys 1,935 Head Coach Varsity Girls 3,647 Varsity Assistant Girls 2,112 Middle School Girls 1,935 Head Coach Varsity Boys 2,922 Head Coach Varsity Girls 2,922 Middle School 843 Head Coach Varsity Girls 3,571 Reserve Coach 2,112 Middle School Softball 1,334 Middle School Softball 1,334 Coach Co-ed 411 Boys Coach 411 Girls Coach 411 Head Coach Varsity Boys 3,571 Reserve Coach 2,112 Middle School Baseball 1,334 Middle School Baseball 1,334 Head Coach Varsity Girls 3,571 Reserve Coach 2,112 8th Grade 1,935 7th Grade 1,935 High School 2,922 Middle School 1,526 - Athletic Night Supervisor (3)* 1,131 High School 2,597 Assistant Cheer MS/HS 1,000 Competitive Cheer 1,500 Middle School 976 High School Coordinator 702 High School Math Coach 680 High School Science Coach 680 High School English Coach 680 High School Fine Arts Coach 680 High School Social Studies Coach 680 Middle School Math Coach 423 Middle School Science Coach 423 Middle School English Coach 423 Middle School Social Studies Coach 423 Elementary Math Bowl 423 Elementary Spell Bowl 423 Middle School Spell Bowl 423 High School Spell Bowl 423 Elementary Science Bowl 423 High School Robotics 680 Middle School Robotics 680 Elementary Robotics 680 6-12 Content Coordinators (4)* 768 Standing Committee Members (8)* 768 6th Grade ▇▇▇ ▇▇▇ ▇▇▇▇▇ Team Leader 1,025 7th Grade Team Leader 1,025 8th Grade Team Leader 1,025 Elementary Faculty Council (12)* 768 Elementary School Improvement Team (3)* 768 MS School Improvement Team (2)* 768 HS School Improvement Team (2)* 768 High School Sponsor 1,217 Middle School Sponsor 632 High School Director 1,948 Assistant Director 702 HS/MS Director 1,420 Band Director 3,755 Summer Band 2,597 High School Guard 1,319 Summer High School Guard 1,319 Summer Band Assistant 900 Band Instructional Support Assistant (2)* 514 High School 608 Senior Class Sponsor 779 Junior Class Sponsor 1,039 Sophomore Class Sponsor 473 Freshman Class Sponsor 337 FFA (2)* 2,598 FFA Assistant Coach 1,500 Student Council High School 1,215 Student Council Middle School 498 Student Council Elementary School 498 National ▇▇▇▇▇ ▇▇▇▇▇▇▇ High School 702 National ▇▇▇▇▇ ▇▇▇▇▇▇▇ Middle School 702 Post Prom (2)* 118 Open Gym (3)* 2,597 K-5 Elementary (6)* 702 MS/HS (6)* 702 HS/MS Full year class = 1 Stipend* Semester Class = 1/2 Stipend* One per grade. Two days on-site work during summer * The number of positions was not bargained, but has been included merely for informational purposes.