403 (b). Teachers may elect to have a portion of their gross pay sent directly to the 403 (b) plan. Changes in the amount of payroll deduction may be done in October or April of each year by submitting a salary reduction agreement. Changes in investment option may be done at any time by contacting the corporation 403 (b) plan administrator. All funds designated by a teacher for investment into 403 (b) plans shall be electronically sent to the named receiving institution within three (3) business days from the payroll date.
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement
403 (b). Teachers may elect to have a portion of their gross pay sent directly to the 403 (b) plan. Changes in the amount of payroll deduction may be done in October August or April January of each year by submitting a salary reduction agreement. Changes in investment option may be done at any time by contacting the corporation 403 (b) plan administrator. All funds designated by a teacher for investment into 403 (b) plans shall be electronically sent to the named receiving institution within three (3) business days from the payroll date.
Appears in 2 contracts
