Matching Annuity Program. All members of the bargaining unit may participate in the district matching annuity program as provided in M.S. 356.24 according to the following provisions: District Contribution: Effective July 1, 1994, the district shall match annually up to 2% of the base salary up to $2000 to either the Minnesota DCP or an appropriate 403(b) annuity. The district's matching amount is not considered as reportable salary on the W-2 or for high five retirement.
Appears in 1 contract
Sources: Collective Bargaining Agreement
Matching Annuity Program. All members of the bargaining unit may participate in the district matching annuity program as provided in M.S. 356.24 according to the following provisions: District Contribution: Effective July 1, 1994, the district shall match annually up to 2% of the base salary up to $2000 to either the Minnesota DCP or an appropriate 403(b) annuityannuity on a dollar for dollar basis. The district's matching amount is not considered as reportable salary on the W-2 or for high five retirement.
Appears in 1 contract
Sources: Collective Bargaining Agreement