Matching Annuity Program. Beginning with the 2004-2005 school year, the Board shall establish a matching annuity program. The Board shall contribute a match of up to one (1%) percent of the teacher’s contract base salary, excluding extended employment and extra-duty pay to a 401(a). The 401(a) vendor shall be mutually selected by the Board and Association. The teacher shall be immediately vested in the 401(a)
Matching Annuity Program. The 401(a) annual matching annuity includes a two-year vesting period from the date of the teacher’s employment and a mandatory teacher’s match.
Matching Annuity Program. All members of the bargaining unit may participate in the District matching annuity program as provided in Minn. Stat. § 356.24 according to the following provisions:
Matching Annuity Program. Beginning with the 2004-2005 school year, the Board shall establish a matching annuity program. The Board shall contribute a match of up to one (1%) percent of the teacher’s
Matching Annuity Program. ECFE teachers may participate in the 403b matching program outlined in Sections 1,9,10, & 11 as modified by Section 8 of this article.
Matching Annuity Program. Eligible members of the bargaining unit may participate in the district matching annuity program as provided in M.S. 356.24 according to the following provisions: Eligibility: Full time (at least six hours per day) members of this unit may participate in this matching annuity plan upon completion of at least one full school year of employment; i.e., if hired in January, member must work through June and then the next full fiscal year before becoming eligible.
Matching Annuity Program. The Board agrees to establish and maintain a qualified IRS Code Section 403(b) matching annuity plan (“Plan”) for all teachers under this Agreement. The Plan shall include provisions allowing for reduction contributions, matching employer contributions, and matching employee contributions. Within the provisions of the IRS Code, employee contributions shall be portable, and include the availability of loans and hardship withdrawals. No loans or hardship withdrawals will be available on the employer contributions.
Matching Annuity Program. Section 1. Eligibility Schedule: The matching annuity program is available to all teachers according to the schedule below. Teachers may elect to enroll in the full match or the half match schedule. Years of Service During the Years Employed in the District District yearly match Full District Half yearly match 4-7 $750 $375 8-12 $1250 $625 13 and above $2500 $1250
Matching Annuity Program. Section 1. Eligible members of the bargaining unit may participate in the district annuity program and may receive a district matching contribution provided in M.S. 356.24 according to the following provisions:
Matching Annuity Program. The School District will provide a voluntary matching annuity program governed by the provisions of this section.
