Deferred Compensation Program. Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.
Deferred Compensation Program. The Executive will be eligible to participate in the Company's Executive Deferred Compensation Program (or any successor deferred compensation program) (the "Deferred Compensation Program") in accordance with the terms and conditions of the Deferred Compensation Program.
Deferred Compensation Program. EMPLOYEE shall be allowed to participate in EMPLOYER's Deferred Compensation Program as said program may be in effect or amended from time to time.
Deferred Compensation Program. Early and Family Education teachers may elect to participate in a deferred compensation plan pursuant to Section 457(b) and 403(b) of the Internal Revenue code and subject to applicable provisions of Minnesota Statutes. Early and Family Education teachers may participate in the deferred compensation program with one or more of the companies designated as a School Board approved investment provider.
Deferred Compensation Program. Employee shall be allowed to participate in the Deferred Compensation Program as is in effect from time to time.
Deferred Compensation Program. Employees shall be afforded the option of entering into a retirement program governed by the Internal Revenue Code 457. In addition to the plans already provided by the City, the City shall make available the IAFF Financial Corporation 457 Plan. Members will be entitled to transfer 457 plan assets to the plan of choice upon approval of the Deferred Compensation Committee.
Deferred Compensation Program. Pursuant to and in accordance with applicable federal laws and regulations, the Employer agrees to maintain Deferred Compensation Program(s). Participation in the program is voluntary.
Deferred Compensation Program. The City shall allow commanding officers to participate in a City Deferred Compensation Program that is currently available to employees. However, if the program is determined not to be allowable as a tax deferral under the Internal Revenue Code, the participating commanding officer shall hold the City and the Association harmless against any and all claims, demands, or other forms of liability arising as a result of any invalidation of the terms and conditions of the Program.
Deferred Compensation Program. The City agrees to co-administer a deferred compensation program (known as a 457 plan) sponsored by the IAFF for members of the bargaining unit. There will be a one-time $25 charge to each participating employee to offset the City’s cost in adding a new program.
Deferred Compensation Program. In accordance with Section 457 or 403b of the Internal Revenue Code and Minnesota Statute §356.24, the School District will match the contribution of an eligible Kidstop Instructor according to the following schedules towards either the Minnesota State Deferred Compensation Program (Section 457) or an approved 403b tax sheltered annuity plan. The plan must meet the School Districts’ guidelines for approval. The contribution and match are forwarded each pay period to the plan account. Employees who have been contributing to a 457 plan prior to the ratification of the 2014-2016 contract will be grandfathered in, with the District contributing matching funds to the 457 plan. Employees hired on or after July 1, 2014 or new enrollees to the deferred compensation program will have all matching funds contributed to a 403(b) plan. The District will match the minimum or maximum amount, or any amount in between. Subd. 0 Xxxxxxx Xxxxxxxx Xxxxxx Xxxxx, 0000-0000: Eligibility Minimum District Annual Match Amount Maximum District Annual Match Amounts 1 year of service $250* For 12-month employees, the District will match up to $10.42 per pay check up to a maximum of $250 per year.) For 10 ½-month employees, the District will match up to $13.16 per pay check up to a maximum of $250 per year. $880* For 12-month employees, the District will match up to $36.67 per pay check up to a maximum of $880 per year.) For 10 ½-month employees, the District will match up to $46.32 per pay check up to a maximum of $880 per year. *Employees may choose to defer more than the District annual match amount. Federal law determines the maximum amount an individual can contribute annually.
