457 Plan. Participants will need to complete a salary deferral election to begin making voluntary contributions to the 457 Plan. The annual maximum amount of voluntary contributions under the 457 Plan will be set forth in the plan documents and consistent with limitations under the Internal Revenue Code. The Employer will make matching contributions to the DC Plan based on the participants’ voluntary contributions under the 457 Plan, up to the maximum set forth in the table above in paragraph (b).
457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name:
457 Plan. Carmel Clay Schools shall provide a salary reduction 457(b) deferred compensation plan for all interested teachers.
457 Plan. A 457 Plan will be made available to full-time employees commencing with the start of their employment.
457 Plan. The Board will establish a 457 Plan for, teachers who satisfy the requirement of Article 17, Section E. ARTICLE 42
457 Plan. The City will offer to all its full-time employees the option of participating in the 457 Retirement Plan. The employee has the option to have the City contribute its 5% of his/her gross wages and/or the employee can contribute an additional amount as allowed by federal regulations. Enrollment requirements, employee contribution (for the Maine State Retirement System only), city contribution and benefit provisions shall be determined by state statute and/or City Council action.
457 Plan. All current plans will! however, be continued as long as anyone in that plan as of July 11 2009, remains in the plan; all plans must meet IRS regulations. Distribution of deductions for such plans will be done by a third party administrator selected by the Board at no cost to the participants.
457 Plan. The School Corporation agrees to establish a 457(b) plan for voluntary employee contributions.
457 Plan. The Ferndale Public Schools will establish an eligible IRC 457(b) Plan to which employees of the district defer compensation on a pre-tax basis and invest the deferred compensation for the purposes of providing retirement income.
457 Plan. Deferred Compensation Plan The Department shall make available voluntary deferred compensation plan(s) for all employees.
