ANNUITY PROGRAM. 4.4.1 The District will provide members with the opportunity, pursuant to Section 3109 of the New York State Education Law, to enter into written agreements for salary reductions for the purpose of purchasing annuities or custodial accounts. Changes may be made at any time with 30 calendar days notice to the District unless otherwise prohibited by law or Internal Revenue Code.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement