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Common use of Accumulated fund Clause in Contracts

Accumulated fund. Salary reductions shall be accumulated in a fund to be known as the Employees’ Salary-Reduction Tax Sheltered Annuity Plan, with such disbursements or transfer of funds in such account as may be directed by the terms of the employer-participant agreement or as authorized by the City and the insurance carrier.

Appears in 4 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Accumulated fund. Salary reductions shall be accumulated in a fund to be known as the Employees’ Salary-Reduction Tax Sheltered Annuity Plan, with such disbursements or transfer of funds in such account as may be directed by the terms of the employer-participant agreement or as authorized by the City and the insurance carrier.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement