TAX-SHELTERED ANNUITY DEDUCTION Sample Clauses

TAX-SHELTERED ANNUITY DEDUCTION. A. The board of Education shall provide payroll deduction for a tax sheltered annuity plan.
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TAX-SHELTERED ANNUITY DEDUCTION. An employee may authorize the Board to make payroll deductions for the purpose of tax- sheltered annuity payment pursuant to terms and conditions of the group contract of the tax- sheltered annuity carrier.
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TAX-SHELTERED ANNUITY DEDUCTION. The Board of Education shall provide payroll deduction for the tax-sheltered annuity plan.
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TAX-SHELTERED ANNUITY DEDUCTION. The Board agrees to deduct premiums for variable tax deferred annuities solely paid for by the employee and to remit such premiums to the designated insurance company. The Board will determine the companies available for this option.
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TAX-SHELTERED ANNUITY DEDUCTION. The Board shall provide payroll deduction to a tax sheltered annuity plan for any employee that chooses this option. This option shall be subject to the procedures of the Treasurer of the Board concerning tax-sheltered annuities.
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TAX-SHELTERED ANNUITY DEDUCTION. Payroll deductions for TSA’s shall be allowed. The Board agrees to recognize those presently being utilized. In accordance with IRS regulations, a valid salary reduction agreement under a Section 403(b) annuity program must be legally binding, apply only to compensation earned by the employee while the agreement is in effect, and be irrevocable with respect to compensation earned while the agreement is in effect. TSA changes will take place according to the “Payroll Cutoff and Pay Day Schedule” supplied yearly by the school finance director. If the board chooses to use a Third Party Administrator (TPA) to administer the TSA, the Board will cover all administrative costs associated with the TPA.
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Related to TAX-SHELTERED ANNUITY DEDUCTION

  • Tax Sheltered Annuity Voluntary adjunct employee salary reductions for Internal Revenue Code Section 403(b) tax-sheltered annuities and 457(b) deferred compensation shall be available to adjunct employees covered by this Agreement. Contracts shall be arranged individually through the Office of the Executive Vice President for Finance and Administrative Services or designee subject to regulation by the College.

  • Tax Sheltered Annuities The SPS shall continue to comply with the law(s) regarding Tax Sheltered Annuities.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Annuity 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply.

  • Section 125-Tax Shelter Tax sheltering of the individual’s contribution for health costs, unreimbursed medical expenses and dependent coverage will be provided, under IRS Section 125. All COG employers must offer the IRS Section 125 tax shelter provided through the COG. If an employee elects to utilize any of the IRS 125 benefits, the administrative cost shall be shared equally between the employee and the employer.

  • When Deductions Begin Check-Off deductions under all properly executed Authorization for Check-Off of Dues forms shall become effective at the time the application is signed by the employee and shall be deducted monthly prior to the 15th.

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