457(b) Plan. A. The School Corporation will provide a 457(b) plan for employee salary deferrals over the 403 (b) plan maximum. This account is immediately vested. B. The School Corporation will also provide a 457(b) plan for sick day conversion. This account would be vested at the earlier of completion of 10 years in the School Corporation or the combination of age plus public-school teaching years equal to 80.
Appears in 2 contracts
Samples: Professional Agreement, Professional Agreement
457(b) Plan. A. The School Corporation will provide a 457(b) plan for employee salary deferrals over the 403 (b) plan maximum. This account is immediately vested.
B. The School Corporation will also provide a 457(b) plan for sick day conversion. This account would be vested at the earlier of completion of 10 15 years in the School Corporation or the combination of age plus public-public school teaching years equal to 80.
Appears in 1 contract
Samples: Professional Agreement
457(b) Plan. A. The School Corporation will provide a 457(b) plan for employee salary deferrals over the 403 (b) plan maximum. This account is immediately vested.
B. The School Corporation will also provide a 457(b) plan for sick day conversion. This account would be vested at the earlier of completion of 10 15 years in the School Corporation or the combination of age plus public-school teaching years equal to 80.
Appears in 1 contract
Samples: Professional Agreement
