District Contribution definition

District Contribution. For any District teacher who retires from the District and had elected the severance package over the district matching contribution, with twenty (20) years of teaching service, of which at least 15 years are in the District, the School District will contribute $16,000 to the Health Care Savings Plan with the Minnesota State Retirement System within three (3) months of the effective date of retirement. If the teacher dies prior to payment into their HCSP with the Minnesota State Retirement System, any or all payments not yet made cannot be directed to the HCSP and will be paid to the teacher’s beneficiaries or estate.

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District Contribution means legally available money of the District, in

District Contribution means legally available money of the District, in addition to proceeds of any Series of Bonds, necessary or advisable to accomplish any Refunding Plan, as determined by the Designated Representative.

Examples of District Contribution in a sentence

• The School District shall make a Monthly School District Contribution toward the premium cost for single or family coverage for each full-time teacher employed by the School District who qualifies for and is enrolled in single or family coverage in the School District’s group health and hospitalization insurance plan.

• Premium Selected minus Maximum Monthly School District Contribution or $75, whichever is greater Premium Selected minus Employee Contribution 2023 (1/1/23-6/30/23) Previous year’s Maximum School District Contribution plus percentage increase in 2023 premium rates for $3,000 family plan with a minimum 0% increase and a maximum 6% increase.

• It is understood and agreed that participating unit members will pay the difference, if any, between the District Contribution and the actual insurance premium.

• Subd.2. For an eligible teacher enrolled in a family health insurance plan: Maximum School District Contribution Employee Contribution School District Contribution 2021 (7/1/21-12/31/21) $1407.28/month Premium Selected minus Maximum Monthly School District Contribution or $75, whichever is greater.

• Premium Selected minus Employee Contribution 2022 (1/1/22-12/31/22) Previous year’s Maximum School District Contribution plus percentage increase in 2022 premium rates for $3,000 single plan with a minimum 0% increase and a maximum 6% increase.

More Definitions of District Contribution

District Contribution means the dollar amount required to be deposited into OSERS by the District to fund member benefits.

District Contribution. Teachers who are .75 FTE or more per school year shall receive 100% of the District contribution set forth in Section 2 above. Teachers who are contracted for less than .75 FTE per school year shall not receive a District contribution and are eligible for participation in the group insurance benefits at the teacher’s own expense subject to the terms of the insurance carrier.

District Contribution. For health insurance coverage, the District will contribute $1,773.43 tenthly. Should an employee select coverage for dependents in excess of District contribution, a payroll deduction will be required for the difference.

District Contribution means the 0.033% sales and use tax and Convention Center admissions and parking taxes, if any, levied and collected by or on behalf of the District pursuant to RCW 82.14.390.

District Contribution. The district shall match annually up to 1% of the base salary to either the Minnesota DCP or an appropriate 403(b) annuity 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.

District Contribution. The School District shall contribute an annual sum of $3,500 to a principal when the contribution is matched by a principal and used for tax shelter annuities (retirement investments).

District Contribution means the 0.033% sales and use tax and