401(a) Plan (Corporation Plan). The School Corporation shall establish a qualified retirement plan as described in section 401(a) of the Code (the “401(a) Plan”). Seventy percent (70%) of the total sum of the amount calculated by the FSC as the present value for the Retirement Pay and Severance Benefits shall then be contributed by the School Corporation to each individual teacher’s Section 401(a) Plan maintained by the Board. The single investment vendor for the 401(a) Plan shall be ISTA Financial Services Corporation.
Appears in 9 contracts
Samples: Collective Bargaining Agreement, Contractual Agreement, Contractual Agreement
401(a) Plan (Corporation Plan). The School Corporation shall establish a qualified retirement plan as described in section 401(a) of the Code (the “401(a) Plan”). Seventy percent (70%) of the total sum of the amount calculated by the FSC as the present value for the Retirement Pay and Severance Benefits shall then be contributed by the School Corporation to each individual teacher’s Section 401(a) Plan maintained by the Board. The single investment vendor for the 401(a) Plan shall be ISTA Financial Services Corporation.
Appears in 2 contracts
Samples: Contractual Agreement, Collective Bargaining Agreement
