District Matching Contribution Sample Clauses

District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee’s –Year of Service with the District District Matching Contribution 2022-2023 1st year 0 2+ years $250.00 Paraeducators in their first (1st) year of service may participate in the “plan” without a match. The District match will begin their second (2nd) year of service.
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District Matching Contribution. The School District will match the contribution of an eligible teacher towards either the Minnesota State Deferred Compensation Program (Section 457) or an approved 403b tax sheltered annuity plan up to an annual amount of $2,000 (two thousand dollars). The School District match will be made on a dollar-for-dollar basis up to the maximum annual amount. Teachers may not recover School District matching contributions for years in which they chose not to participate or participated at a level below the maximum School District contribution level. The annual year for District contributions shall be July 1 through June 30. The District contribution will be pro-rated for part time teachers. The School District’s matching contribution shall be paid into the teacher’s account with the State of Minnesota’s Deferred Compensation Program (Section 457) or the teacher’s 403(b) tax sheltered annuity plan through a vendor from the District approved list.
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District Matching Contribution. The School District will match the contribution of an eligible employee toward either the Minnesota State Deferred Compensation Program (Section 457) or an approved 403(b) tax sheltered annuity plan up to an annual amount of two thousand dollars ($2,000). The employee’s contribution shall be made by payroll deduction. The School District match will be made on a dollar for dollar basis up to the maximum annual amount. Employees may not recover School District matching contributions for years in which they choose not to participate or participated at a level below the maximum School District contribution level. The annual year for School District contributions shall be July 1 through June 30. Eligible part time employees shall receive a matching contribution on a pro-rata basis equal to their percentage of full time employment.
Sample 1Sample 2Sample 3
District Matching Contribution. Principals who elect to participate in a tax deferred 403b plan shall be entitled to a matching School District contribution. The School District shall match any such Principal’s annual contribution to either of the plans up to four thousand five hundred dollars ($4,500). Effective July 1, 2024, the school district annual match will be five thousand dollars ($5,000) The parties agree that any description of benefits contained in this Article is intended to be informational only and the management of contributed funds is the responsibility of the company selected by the employee. It is further understood that the district’s only obligation is to make contributions as specified in this Article and that no other claim shall be made against the district pursuant to this Article.
Sample 1
District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee’s---Year of Service with the District District Matching Contribution 2019-2020 District Matching Contribution 2020-2021 Probationary $0.00 $0.00 Continuing Contract $3,300 $3,600 Teachers in their probationary period may participate in the ‘plan’ without a match. The District match will begin upon achieving continuing contract status (i.e. 2nd year or 4th year). For eligible part-time teachers, the District match will be prorated based on the teacher’s percent of contract as of September 1 of each school year.
Sample 1

Related to District Matching Contribution

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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