Annuities. 1. Changing amount(s) of existing annuity(ies) requires written notice of fifteen (15) weekdays, excluding holidays.
2. Adding a new annuity not currently on the computer requires written notice of twenty (20) weekdays, excluding holidays.
3. The Board has the option to drop an annuity that has been inactive for twelve (12) months.
4. The number of annuities offered shall be limited to the capacity of the current computer program.
Annuities. Tax-sheltered annuities with companies approved by the board. Annuity enrollments may occur at any time during the calendar year.
Annuities. Annuities means the en- tire amount received as an annuity under an annuity, endowment, or life insurance contract, if any part of the amount would be includible in gross in- come under section 72.
Annuities. Two types of employee savings plans are available to employees: 1) 403(b) tax deferred annuities; and, 2) 457 deferred compensation plan. Upon appropriate written authorization from the employee, the District shall deduct from the salary of that employee and make appropriate remittance for employee savings plans.
Annuities. For annuities, LPL receives a trail commission from the annuity issuer pursuant to one or more schedules for the promotion and sale of a policy. The amount and timing of commissions may vary depending on the agreement between LPL and the issuer, and the type of share purchased, but the maximum trailing commission for variable annuities is typically 1.5% and the maximum trailing commission for fixed annuities is typically 1.0% on an annual basis.
Annuities. (In order for a particular annuity to be deducted from employees’ paychecks at least ten (10) employees must request payroll deduction for that annuity. Annuities for which payroll deductions were being made as of April 17, 1995 need not meet the ten (10) employee floor. However, if any grandfathered annuities cease receiving payroll deductions from employees of Adena Local Schools, they must meet the ten (10) employee minimum to resume payroll deduction status.) In the event the Treasurer and/or Board are assessed any taxes, charges, penalties or interest as a result of deductions by an employee which exceed the Internal Revenue Code maximum limit, those amounts shall be reimbursed by the employee to the Treasurer or Board.
Annuities. In order to help our employees plan for a secure retirement, District #165 presently cooperates with several investment companies and provide tax shelter annuities (403B plans). For more information, contact the payroll department.
Annuities. Tax sheltered annuities (TSA) or 403B plans will no longer be offered to any employee as of September 1, 2008. Current employees receiving the $1200 stipend will continue to receive it unless their insurance election changes. The $1200 will be split equally based on the number of pay periods elected by the employee and will be prorated for employees working less than full time.
Annuities. The School Committee shall service a tax sheltered annuity according to Chapter 71-37B of the General Laws of Massachusetts.
Annuities. Whenever a benefit with respect to a Participant's Account is payable in a series of payments pursuant to the Plan, with the dollar amount of each payment being determined as of the date payments begin, the Contract-Holder will notify Prudential to have the Participant's Account applied to purchase an annuity for him. However, the Contract-Holder will retain all rights with respect to the annuity. The dollar value of the Account will be applied. The schedule of annuity purchase rates that applies is determined from Schedule A. The monthly amount of annuity is determined from the schedule of purchase rates for that annuity. As of the first day no amounts remain in the Participant's Account or in an Account for him under a companion contract, his Account is cancelled.
