Contribution to Qualified 403(B) Deferred Compensation Plan Sample Clauses

Contribution to Qualified 403(B) Deferred Compensation Plan. In addition to the salary as set forth in Article IV, Section E #8, teachers may receive contributions to a qualified tax sheltered annuity plan of the teacher’s choice pursuant to the applicable provisions of the Internal Revenue Code and associated IRS rulings and regulations, as amended. In the 2019-20 school year, the Board’s contribution shall be a dollar-for-dollar matching contribution of a teacher’s contribution to a tax-sheltered annuity plan of up to $500. In the 2020-21 school year, the Board’s contribution shall be a dollar-for-dollar matching contribution of a teacher’s contribution to a tax-sheltered annuity plan of up to $750. In the 2021-22 school year and subsequent years, the Board’s contribution shall be a dollar-for-dollar matching contribution of a teacher’s contribution to a tax-sheltered annuity plan of up to $1000.
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Contribution to Qualified 403(B) Deferred Compensation Plan. In addition to the salary as set forth in Article IV, Section E #8, teachers may receive contributions to a qualified tax-sheltered annuity plan of the teacher’s choice pursuant to the applicable provisions of the Internal Revenue Code and associated IRS rulings and regulations, as amended. For all Tier I employees, the Board’s contribution shall be a dollar-for-dollar matching contribution of a teacher’s contribution to a tax-sheltered annuity plan of up to $1,100. For all Tier II employees, the Board’s contribution shall be a dollar-for-dollar matching contribution of a teacher’s contribution to a tax-sheltered annuity plan of up to $1,600.
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Related to Contribution to Qualified 403(B) Deferred Compensation Plan

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

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