Matching Contribution Plan. Beginning with open enrollment during the 2020-2021 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0- Four (4) – Eight (8) years $500 $ 2,500 Nine (9) – Thirteen (13) years $600 $ 3,000 Fourteen (14) – Eighteen (18) years $700 $ 3,500 Nineteen (19) plus years $900 $ 8,000 $17,000
Matching Contribution Plan. Beginning with open enrollment during the 2010-11 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years -0- $ 0 Four (4) – Eight (8) years $300 $ 1,500 Nine (9) – Thirteen (13) years $400 $ 2,000 Fourteen (14) – Eighteen (18) years $500 $ 2,500 Nineteen (19) plus years $800 $11,000 $17,000 Beginning with open enrollment during the 2020-2021 school year, the School District will match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years -0- $ -0-
Matching Contribution Plan. Section 1. Eligibility/Notice of Participation: Pursuant to the provisions of M.S. 123B.02, Subd. 15. and Section 403(b) of the Federal Internal Revenue Code, the School District will make matching contributions for each teacher who has complied with the following conditions:
Matching Contribution Plan a. For eligible principals pursuant to Subd. 15.21, above, the School District shall match Principals annual contributions based on their current year of service in the School District as follows. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative One (1) – Three (3) years $1,500 $ 4,500 Four (4) plus years $2,500 $45,500 $50,000
Matching Contribution Plan. Section 1. A School District contribution in the amount of $1,510 annually for July 1, 2018, through June 30, 2019, shall be payable to an eligible employee’s matching contribution plan, subject to the following provisions. From July 1, 2019, through June 30, 2020, the amount of the School District contribution will be $1,644 annually.
Matching Contribution Plan. Section 1. Eligibility: The 403(b) matching program will be available to all employees represented by this Agreement who are regularly employed by the district at least nine (9) months per year and twenty
Matching Contribution Plan. The School District shall match annual contributions for administrators who are working a .50 contract or more based on their current year of employment in a licensed position for the School District. Matching contributions for part-time administrators will be prorated based on their percent of contract. A year of service is defined as a year in which the administrator worked at least 120 days. The School District matching amount shall be pursuant to the schedule set forth below and shall not exceed the Annual Maximum Match Amount: Current Year of Administrator Maximum Match Amount Service to the District Annual Cumulative One (1) – Three (3) years $1,500 $ 4,500 Four (4) plus years $2,500 $15,000 $50,000
Matching Contribution Plan. Section 1. Eligibility: Pursuant to the provisions of M.S. 123B.02, Subd. 15. and Section 403(b) of the Federal Internal Revenue Code, the School District will make matching contributions for each principal in the School District and who is employed an average of at least twenty (20) hours per week and at least 224 days per school year pursuant to the provisions of this article.
Matching Contribution Plan. Beginning with the open enrollment during the 2010-11 school year, the School District shall match employees’ annual contributions for employees who are benefit eligible under Article VIII based on their current year of employment in the School District. The School District matching amount shall not exceed the Annual Maximum Match Amount set forth below: Maximum Match Amount Years of Service Annual Cumulative 0 years to three (3) years $-0- $ -0-
Matching Contribution Plan. Section 1. Eligibility/Notice of Participation 11 Section 2. Amount of School District Contribution 12 Section 3. Coordination with Severance Pay 13 Section 4. Payment 13 Section 5. Unpaid Leave 13 Section 6. Lifetime Limitation 13 Section 7. Deduction for Severance Pay 13 Section 8. Applicable Statutes 13 Section 9. 403(b) Auto Enrollment 13
