Common use of Retirement Program Clause in Contracts

Retirement Program. Retirement benefits are provided through TIAA and/or Fidelity Investments Retirement Plan (collectively "the Program"). The College will match the employee's own contribution up to a maximum of eight and one-half percent (8.5%) for the contract year. The employee may select 2%, 3%, 4%, 5%, 6%, 6.5%, 7%, 7.5%, 8.0%, or 8.5% as his/her own aggregate contribution rate to the retirement plan, which may be allocated to one or more of the plans, subject to minimums within any such plan. The employee's contribution rate shall be deducted from and calculated upon only that compensation earned under nine-month contracts, twelve-month contracts, and summer contracts. The College shall make no retirement contribution in respect to compensation earned under part-time and overload contracts or earned as cash-in-lieu of insurance. For details see copy of the College retirement plan document on file in the College Human Resources Office.

Appears in 4 contracts

Samples: www.mccneb.edu, www.mccneb.edu, mccneb.edu

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Retirement Program. Retirement benefits are provided through TIAA and/or Fidelity Investments Retirement Plan (collectively "the Program"). The College will match the employee's own contribution up to a maximum of eight and one-half percent (8.5%) for the contract year. The employee may select 2%, 3%, 4%, 5%, 6%, 6.5%, 7%, 7.5%, 8.08%, or 8.5% as his/her own aggregate contribution rate to the retirement plan, which may be allocated to one or more of the plans, subject to minimums within any such plan. The employee's contribution rate shall be deducted from and calculated upon only that compensation earned under nine-month contracts, twelve-month contracts, and summer contracts. The College shall make no retirement contribution in respect to compensation earned under part-part- time and overload contracts or earned as cash-in-lieu of insurance. For details see copy of the College retirement plan document on file in the College Human Resources Office.

Appears in 2 contracts

Samples: Agreement, Agreement

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Retirement Program. Retirement benefits are provided through TIAA TIAA/CREF and/or Fidelity Investments Retirement Plan (collectively "the Program"). The College will match the employee's own contribution up to a maximum of eight and one-one- half percent (8.5%) for the contract year. The employee may select 2%, 3%, 4%, 5%, 6%, 6.5%, 7%, 7.5%, 8.0%, or 8.5% as his/her own aggregate contribution rate to the retirement plan, which may be allocated to one or more of the plans, subject to minimums within any such plan. The employee's contribution rate shall be deducted from and calculated upon only that compensation earned under nine-month contracts, twelve-month contracts, and summer contracts. The College shall make no retirement contribution in respect to compensation earned under part-time and overload contracts or earned as cash-in-lieu of insurance. For details see copy of the College retirement plan document on file in the College Human Resources Office.

Appears in 2 contracts

Samples: Agreement, Agreement

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