403(b) Match. The Board shall contribute a match of 2% of a teacher’s salary into a qualified IRS Code Section 403(b) annuity plan. To be eligible for this match, teachers must contribute a minimum of 2% of their salary through payroll. The 403(b) vesting schedule for teachers is: 1 year of service – 0% 2 years of service – 0% 3 years of service – 50% 4 years of service – 50% 5 years of service – 100% Appendix A CSC of Eastern Xxxxxxx County Certified New Hire Salary Placement Contract Year 2020-2021 Recognition of Teaching Experience Gained Outside of Eastern Xxxxxxx School Corporation The school employer has the option of recognizing previous teaching experience. This may be gained from: • Any private or parochial school certified by the General Commission • Any private or parochial school recognized by the duly authorized state agency of any otherstate • Teaching experience in any accredited public elementary or secondary school and other experience recognized by Indiana Teachers’ Retirement Fund • Teaching experience in any elementary or secondary school maintained by the U.S. governmentor teaching experience gained in federally funded programs as approved by the General Commission. Using the Salary Schedule set forth below, for the initial placement purposes only of a new teacher hired by the School Corporation, a level represents a year of teaching service. A teacher’s initial placement on the salary schedule will typically be in the correct degree column and in the level which is equal to the years of service the new teacher has accrued. However, the Superintendent may deviate from this typical placement if he/she deems it appropriate and/or may alternatively pay the new hire a one-time signing bonus in the Superintendent’s sole discretion, which one-time bonus would be paid on January 31 of the new hire’s first contract year. Effective with the 2019-2020 school year, the new minimum starting base salary is being raised from $35,000 to $37,500. All new hires in the 2019-2020 school year who started with a base salary below the new minimum base salary amount will have their starting salary readjusted upward to the new minimum of $37,500. New Hire Salary Placement Ranges Bachelors + 0 Bachelors + 18 Masters Yrs. Range Range Range 0-2 $ 37,500 - 40,000 $ 38,500 - 41,000 $ 39,500 - 42,000 3-5 $ 40,000 - 42,500 $ 41,000 - 43,500 $ 42,000 - 44,500 6-8 $ 42,500 - 45.000 $ 43500 - 46,000 $ 44,500 - 47,000 9-11 $ 45,000 - 47,500 $ 46,000 - 48,500 $ 47,000 - 49,500 12-14 $...
403(b) Match. Subd. 1. Each benefit eligible employee as described in Article XIII, Section 1, are eligible to participate in the School District’s deferred compensation plan beginning with the employee’s beginning of permanent employment.
403(b) Match. Subd. 1.
403(b) Match. Effective with the 2018-19 school year, ECE teachers who have taught at least two (2) years in the School District and who work an average of thirty (30) hours per week and a minimum of one thousand twenty (1,020) hours per year will be eligible to participate in the Tax Deferred Plan II set forth in Article XIV, Section 3.
403(b) Match. The Board shall contribute a match of 2% of a teacher’s salary into a qualified IRS Code Section 403(b) annuity plan. To be eligible for this match, teachers must contribute a minimum of 2% of their salary through payroll. The 403(b) vesting schedule for teachers is: 1 year of service – 0% 2 years of service – 0% 3 years of service – 50% 4 years of service – 50% 5 years of service – 100%
403(b) Match. Beginning on January 1, 2022, the Board will match a member's 403b contribution at a rate of $0.50 for every $1.00 contributed by the employee. The
403(b) Match. The Superintendent will receive an annual match of up $2,100 to state approved 403B plans.
403(b) Match. Teachers hired before July 1, 1999, will continue to be covered under the retirement language of this Article until it expires on June 30, 2015. School District contributions made to a teacher’s 403b matching annuity plan will be deducted from any severance pay which is payable to that teacher upon resignation. In addition any match amount the employee could have received pursuant to Article X, 403b, Match Plan, Section 1, but failed to contribute and did not receive because he/she chose not to make the contribution necessary to receive the match will be paid by the employer directly into the employee’s 403b upon retirement after a deduction of the amount of the school district’s contributions made in accordance with Article X.
