403(b) Plan. Unit members may participate in the District approved tax sheltered 14 annuity plans, including the 403(b) plan, through voluntary payroll deduction. The 15 District shall pay the fees, if any, of a third party administrator who will be responsible 16 for plan administration and compliance. The District shall consult with TALB when 17 considering a change in the 403(b) third party administrator. 18
403(b) Plan. The district will offer a 403(b) Plan, which abides by the current IRS guidelines.
403(b) Plan. The Committee agrees to contribute to a 403B Plan for all bargaining unit members. A bargaining unit member who wishes to participate in the program must notify the Superintendent in writing no later than the April 15th preceding the first year of participation. The Committee will match the first three hundred fifty dollars ($350.00) contributed by each employee. The School Committee will not be responsible for any administrative costs relating to this program and the only legal responsibility related to the 403B Plan will be to transmit the contribution to the appropriate vendor or vendors.
403(b) Plan. 1) The University shall continue The University of Maine System Basic Retirement Plan for Classified Employees for unit members. Beginning as soon as practicable after ratification of the 2021-2023 collective bargaining agreement, contribution rates shall be as follows:
403(b) Plan. The Executive Secretary to the Superintendent can elect to participate in the District offered 403(b).
403(b) Plan. The Board shall provide the administrator the opportunity to participate in a voluntary tax sheltered 403(b) program, subject to Internal Revenue Service regulations. Except for changes required by the IRS or other regulatory entity, changes to the plan document or to the adoption agreement shall be made only upon the recommendation of a committee comprised of three (3) members appointed by the Board and three (3) teachers appointed by the association; all members of the committee must be current plan participants.
403(b) Plan. The Board shall provide the Elementary School Principal the opportunity to participate in a voluntary tax sheltered 403(b) program, subject to Internal Revenue Service regulations. Except for changes required by the IRS or other regulatory entity, changes to the plan document or to the adoption agreement shall be made only upon the recommendation of a committee comprised of three (3) members appointed by the Board and three (3) teachers appointed by the association; all members of the committee must be current plan participants.
403(b) Plan. The School District will make a matching $3,000.00 per year contribution to a state- approved tax-deferred matching contribution plan for the Food Service Director. The 403(b) plan will be subject to all the requirements of M.S. 356.24, as amended, and Internal Revenue Code 403(b).
403(b) Plan. The Employer shall continue to offer a 403b plan to employees who have completed one (1) year of employment, work a minimum of 1,000 hours per year, and are 21 years of age.
403(b) Plan. The Committee agrees to implement the use of a 403B plan in accordance with IRS regulations so that all members of the unit would make a one-time transfer of sick leave buyback monies at the time of retirement to a 403B plan to reduce tax liability in accordance with IRS regulations.
