HRA. The District will establish an HRA account, formed pursuant to IRS Revenue Ruling 2002-41 and Notice 2002-43, and MS Statute 2005, 352.98, in each teacher’s name; however part-time teachers shall earn prorated HRA contribution benefits. The District will select the HRA vendor. Teachers who, for whatever reason, leave the service of the School District prior to retirement shall retain ownership of the contributions made on their behalf to the date of discontinuance of service. Teachers will have access to these funds in the manner the Vendor prescribes. The School District shall retain no current or future liabilities for said investment programs.
Appears in 2 contracts
Sources: Master Agreement, Master Agreement