MATCHING ANNUITY PLAN Sample Clauses

MATCHING ANNUITY PLAN. For teachers hired in Xxxxx Township on or after July 1, 2003 and Xxxxx Township teachers with less than six (6) years of total teaching experience on June 2, 2003: As a replacement for Sections 6, 7, and 8 of this Article, for Xxxxx Township teachers with less than six (6) total years of “creditable service” as defined by the Indiana State Teachers’ Retirement Fund on June 2, 2003, and for teachers hired in Xxxxx Township on or after July 1, 2003, the Board shall match dollar for dollar the teacher’s contribution made during the school year to the 403(b) plan offered by the Board in the amounts of $510 per year. A teacher shall be immediately vested in the teacher’s contributions to the 403(b) plan, but the Board’s matching contributions shall not vest until and unless the teacher retires from the MSD of Xxxxx Township under circumstances qualifying the teacher for early or full retirement benefits pursuant to the rules of the Indiana State Teachers’ Retirement Fund, as those rules may be amended from time to time.
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MATCHING ANNUITY PLAN. A. The Board agrees to establish and maintain a 401(A) Matching Annuity Plan (hereinafter referred to as the 401(A) Plan) for all certified employees covered under the collective bargaining agreement. The 401(A) Plan requires the participation of the Teacher in a salary reduction agreement establishing a 403(b), a Xxxx XXX, or a Xxxx 403(b). The 401(A) Plan contributions will commence with January 2003 contract and continue each contract thereafter.
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MATCHING ANNUITY PLAN. The school employer will continue to maintain a qualified 401(a) Annuity Plan (hereinafter referred to as the "CCSC 401(a) Plan" for all certified employees covered under this collective bargaining agreement. The CCSC 401(a) Plan shall be available to all certified employees. The school employer shall also maintain a 403(b) Plan (hereinafter referred to as the "403(b) Plan) for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions. To participate in the 40l(a) Plan with an employer's match, a certificated employee must contribute at least $528 at the rate of $22 each of the 24 pays per school year. For certificated employees participating in 40l(a) Plan with an employer's match, employer will match certificated employee's $528 school year contribution as follows: Certificated Employee's Contribution Employer's Match on $1.00 of Employee Contribution Maximum Employer's Match Per School Year $528 $2.00 $1,056 In the event that a certified employee elects to not contribute $528 the CCSC will also not contribute. The parties further agree that all contributions made to the CCSC 401(a) Plan by the school employer shall be considered as additional funds and counted as part of any salary increase negotiated for the certified employees. All certified employees will be vested 100% upon the completion of the fifth consecutive year of teaching in Crawfordsville Community Schools. The CCSC 40l(a) Plan and the 403(b) Plan shall:
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MATCHING ANNUITY PLAN. The School Board will provide a matching annuity plan for all eligible full-time employees as specified below:
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MATCHING ANNUITY PLAN. The Board agrees to establish and maintain a qualified 401(a) Annuity Plan (hereinafter referred to as the 401(a) Plan) for all certified employees covered under this collective bargaining agreement. The 401(a) Plan shall be available for all certified employees. The Board shall also maintain a 403(b) Plan (hereinafter referred to as the 403(b) Plan) for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions which will be matched by equal Board contributions to the 401(a) Plan. The Board contribution to the 401(a) Plan will be 2%. The contributions made by the certified employees and matched dollar for dollar by the Board shall be an amount which reflects the appropriate percent of the certified employees’ base salary as set forth on the certified employees’ teacher contract which corresponds to his or her salary. For the certified employees hired after the date of ratification of the contract, he/she will be one hundred percent (100%) vested upon the completion of five (5) years of service with Western Xxxxx Schools.
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MATCHING ANNUITY PLAN. SECTION 1. IRS CODE SECTION 403(b) MATCHING ANNUITY AND CUSTODIAL MUTUAL FUNDS PLAN AND SECTION 401(a) PLAN
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MATCHING ANNUITY PLAN. The Superintendent may participate in the district’s 401(a) and 403(b) plans.
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MATCHING ANNUITY PLAN 
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Related to MATCHING ANNUITY PLAN

  • Annuity Plan Teachers will be eligible to participate in a "tax sheltered " Annuity Plan established pursuant to United States Public Law No. 87-370. Annuity deductions shall be made on a semi-monthly basis.

  • Basic Plan All services are subject to an annual deductible of $50 per person and $100 per family. Preventive services are covered at 100%. After paying the deductible, the plan provides usual, customary, and reasonable (UCR) coverage at 100% for diagnostic and restorative services, and 80% for major services. Orthodontia is not covered.

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • 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.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • 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:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

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