Tax Shelter Annuities. 9.7.1 A tax-sheltered annuity program and deferred compensation are available to all unit members.
Tax Shelter Annuities. The District shall make appropriate reductions in pay for Xx. Xxxxx if he chooses to request tax sheltered annuity reductions and shall forward any amount so designated by Xx. Xxxxx to an approved vendor through a remitting agent.
Tax Shelter Annuities. A. Embodying the benefits of Section 403(b) and 457 of the Internal Revenue Code of 1954 as amended, the Board may, upon written authorization of the employee, make salary reductions to be applied to the purchase of an annuity contract.
Tax Shelter Annuities. The Principals will be eligible to participate in a tax sheltered annuity plan through deductions established pursuant to United States Public Las #87-70 M.S. 123.35 Subd 12, and School district policy.
Tax Shelter Annuities. Arrangements for payroll deduction from the wages of each teacher for tax sheltered annuities shall be instituted when requested by the individual teacher.
Tax Shelter Annuities. The Board agrees to forward all monies to companies per pay period and deposits will be made as often as investment companies allow. The Board shall make available a Section 457 Plan of its choosing. The plan participants shall be responsible for any administrative fees associated with the plan.
Tax Shelter Annuities. The District agrees to offer any TSA (Section 403(b)) product recommended by the majority of the TSA Committee's members. The District may require that unit members sign a save- harmless agreement for products or companies added on or after July 1, 1998.
Tax Shelter Annuities. Upon the request of an Employee, the Board shall deduct an amount not exceeding the maximum amount allowed by law from the Employee’s pay check and forward the same to one of the tax-sheltered annuity options. The tax consequences for any such selection shall be the responsibility of the Employee. The Employee’s bargaining representative may suggest additions or deletions to the list of available options but in no event shall the Board be obligated to provide options from more than fifteen different companies.
