Salary Settlement Diversion. 1. A total diversion of 3% will continue to be a part of the 403(b) program throughout its term.
Salary Settlement Diversion. As part of their regular PL 217 bargaining, the parties will negotiate salary settlement diversion adjustments. As part of the parties’ total compensation/benefits calculations, annual diversions to the 401(a) PLAN shall be included.
Salary Settlement Diversion. Division Match. As part of their regular PL 217 bargaining, the parties will bargain the change to the salary schedule. In addition to the 1999-2000 program provided by Section (A) (2) and after reaching tentative agreement, 1/2% of the base of that agreed change shall be diverted to the 401(a) Plan for 2000/01, with an additional 1/2% diverted in each 2001/02, 2002/03, 2003/04 and 2004/05 school years with a total diversion of 2.5% that will continue to be part of the PLAN throughout its term. After the salary settlement diversion is deducted, the salary schedule for each year shall be changed by the net amount. As part of the parties’ total compensation/benefits calculations, annual diversions to the PLAN shall be included.
