Deferred Compensation Match. The District will make a matching payment to the tax-deferred savings plans. The District Payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 403(b)
Deferred Compensation Match. 4.4.1 Effective with the date this agreement is adopted by the Board of Supervisors, the County shall match an employee’s deferred compensation contribution according to the following schedule:
4.4.1.1 Up to four hundred dollars ($400) per calendar year for employees with one (1) year to nine and nine-tenths (9.9) years of County service;
4.4.1.2 Up to five hundred dollars ($500) per calendar year for employees with ten (10) or more years of County service.
Deferred Compensation Match. 1. The County shall match a Union member’s contribution to deferred compensation up to a maximum of three percent (3%) of the employee’s base salary.
2. This match shall be made on a biweekly basis and shall be consistent with the current laws and regulation governing deferred comp contributions.
Deferred Compensation Match. Effective the first full pay period of July 2015, each employee that is an active participant and contributes a minimum of fifty dollars ($50.00) per pay period to a City approved Deferred Compensation program, will have their contributions matched by the City, not to exceed fifty dollars ($50.00) per pay period.
Deferred Compensation Match. The District will make a matching payment to the tax-deferred savings plans. The District Payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457) are subject to FICA or social security taxes. All employee contributions to the 403(b) plan are subject to FICA, but employer contributions to the 403(b) plan are not subject to FICA.
1. Employer Contributions/Employee Deferrals: 403(b) employer contributions are in addition to your limit 457 employer contributions are included in your limit For detailed current information concerning deferral limits, see the IRS website (xxx.xxx.xxx) For current information about maximum shelter amounts, additional contributions, catch-up limits, and other details concerning the 457 or 403(b) plans, consult the plan’s representative or website. An employee who terminates employment with the District prior to the time of the match payment, as a result of resignation, layoff, retirement, or discharge will not be eligible for any further payment to the tax-deferred savings plans under this section.
2. Employees may enroll, change or cease their contributions at any time.
a. An employee who terminates employment with the District prior to the time of the match payment, as a result of resignation, layoff, retirement, or discharge will not be eligible for any further payment to the tax-deferred savings plans under this Section.
Deferred Compensation Match. Effective with the first full pay period in November 2015, the County will match up to one hundred and fifty dollars ($150) per calendar year for employees with five to nine and ninety-nine one hundredths (5 to 9.99) years of service and up to two hundred dollars ($200) per calendar year for employees with ten (10) years of service or more.
Deferred Compensation Match. Effective the first full pay period of July 2021, each employee that is an active participant and contributes a minimum of seventy-five dollars ($75.00) per pay period to a City approved Deferred Compensation program, will have their contributions matched by the City, not to exceed seventy-five dollars ($75.00) per pay period.
Deferred Compensation Match. Effective the first pay period after July 1, 2024, the District shall match employee contributions to the 457B Deferred Compensation plan for up to $300 annually (annual contributions will be calculated over a fiscal year). The District match will be capped at $12.50 per pay period. Employees must enroll in the match option to be eligible for the deferred compensation match. ARTICLE 12
Deferred Compensation Match. For child nutrition employees, the district will provide up to $550, in a deferred compensation match to all employees with three years of service or the equivalent. Child nutrition employees hired before July 1, 2007, and choosing the deferred comp match must waive their right to severance pay as described in Article X. Effective January 1, 2011 and subject to federal law, within the 403(b) plan, in addition to pre-tax 403(b) contributions, employees shall be allowed the option of making after-tax Xxxx 403(b) contributions through any approved vendor accepting such contributions. However, any employer contributions shall be made on a non-Xxxx pre-tax 403(b) basis.
Deferred Compensation Match. Effective January 1, 2019 the City will match employee contributions into their City approved 457 plans up to a maximum of $4000. No combination of Employee and Employer funds can exceed the IRS limits for City approved 457 plans. The table below is for illustrative purposes only: Employee Contribution Employer Matching Contribution $1,000 $1,000 $2,500 $2,500 $4,000 $4,000 $11,000 $4,000
