Tax Deferred Annuity Plans. The College shall make available to faculty tax- deferred annuity plans in accordance with state regulations.
Tax Deferred Annuity Plans. The College shall make available through payroll deduction, at the option of the employee, a Tax Deferred Annuity Plan (TDA). The TDA plan allows employees to make pre-tax contributions to any of the College-approved, participating investment companies for the purpose of sheltering income to be used at retirement. Part-time Faculty must have completed 600 contact hours to become eligible for participation in this program. Once eligibility is established, the employee may continue to participate without regard to any hours limitations. 18.6 Part-Time Faculty Health Insurance Coverage 18.61 Part-time Faculty, as defined in Article 1.21 of the Faculty and Academic Professional Agreement, shall be provided group health insurance coverage (medical only) under the following terms:
Tax Deferred Annuity Plans. The Board shall make available to faculty tax-deferred annuity plans in accordance with state regulations.
Tax Deferred Annuity Plans. Employees may voluntarily open a 403(b) tax-sheltered annuity account or a 401(k) or 457 tax-sheltered plan with district approved companies. RETIREMENT BENEFITS: Required participation in PERA. Employees contribute 10.5% of salary effective July 1, 2021; the district contributes 20.9%.
