Common use of Plan Contributions Clause in Contracts

Plan Contributions. For teachers who were employed by the Avon Community School Corporation as of June 30, 2004 and for teachers newly hired or re-hired after June 30, 2004, the Board shall provide an ongoing annual contribution of four percent (4%) of the teacher's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. For teachers who retired and were rehired prior to January 1, 2010 and draw a pension from the Indiana State Teacher Retirement Fund, the Board shall provide an additional ongoing annual contribution of six percent (6%) of the teacher’s base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. The Board and the Federation shall agree upon plan documents that meet all legal requirements as may be amended.

Plan Contributions. For teachers who were employed by the Avon Community School Corporation as of June 30, 2004 and for teachers newly hired or re-hired after June 30, 2004, the Board shall provide an ongoing annual contribution of four percent (4%) of the teacher's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. For teachers who retired and were rehired prior to January 1, 2010 and draw a pension from the Indiana State Teacher Retirement Fund, the Board shall provide an additional ongoing annual contribution of six percent (6%) of the teacher’s 's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. The Board and the Federation shall agree upon plan documents that meet all legal requirements as may be amended.

Plan Contributions. For teachers who were employed by the Avon Community School Corporation as of June 30, 2004 and for teachers newly hired or re-hired after June 30, 2004, the Board shall provide an ongoing annual contribution of four percent (4%) of the teacher's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. For teachers who retired and were rehired prior to January 1, 2010 and draw a pension from the Indiana State Teacher Retirement Fund, the Board shall provide an additional ongoing annual contribution of six percent (6%) of the teacher’s base pay. The Board contributions shall be deposited into the 401(a401 (a) Plan with each regular payroll. The Board and the Federation shall agree upon plan documents that meet all legal requirements as may be amended.

Plan Contributions. For teachers who were employed by the Avon Community School Corporation as of June 30, 2004 2004, and for teachers newly hired or re-hired after June 30, 2004, the Board shall provide an ongoing annual contribution of four percent (4%) of the teacher's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. For teachers who retired and were rehired prior to January 1, 2010 2010, and draw a pension from the Indiana State Teacher Retirement Fund, the Board shall provide an additional ongoing annual contribution of six percent (6%) of the teacher’s 's base pay. The Board contributions shall be deposited into the 401(a) Plan with each regular payroll. The Board and the Federation shall agree upon plan documents that meet all legal requirements as may be amended.