403b Plan Contribution Sample Clauses
403b Plan Contribution. The District provides a matching contribution of sixty-six and two-thirds (66 2/3) cents on the dollar, up to a maximum District contribution of $1,000 per calendar year, to each eligible employee who wishes to contribute to the approved tax sheltered annuity plan through payroll deduction.
403b Plan Contribution. The Warwick School District will make an annual 403(b) tax-deferred employer contribution for the Superintendent, Chief Financial Officer, Assistant Superintendent, Director of Human Resources, and Director of Technology. The district contribution will be 50% of the employee’s contribution to a maximum according to the following schedule: 1 – 5 5 + Superintendent……………... 3% of base salary 5% of base salary Chief Financial Officer ……. 2% of base salary 4% of base salary Assistant Superintendent……2% of base salary 4% of base salary Director of HR …………….. 2% of base salary 4% of base salary Director of Technology…….. 2% of base salary 4% of base salary Years of service will be measured on June 30 of each year. The administrator must be hired prior to September 1 to be eligible for a “full” year of service. Contributions will be made on a quarterly basis according to the following schedule: September 30, December 31, March 31, June 30.