Common use of Deferred Compensation Matching Program Clause in Contracts

Deferred Compensation Matching Program. Eligible employees include (a) employees hired on or after July 1, 1990 and (b) employees hired prior to July 1, 1990 who elected this Deferred Compensation Matching Program and do not participate in the District Severance Pay Program (see Appendix C – Severance). All eligible employees as defined in this Section after having completed five years of service in the St. Louis Park Public District will be eligible to participate in the deferred compensation matching program. The District will match the amount a full-time employee contributes up to the amounts defined in Section 13.C. District contributions for employees less than full-time will be on a pro-rata basis. A. Eligible employees must elect to participate in the deferred compensation program. Participation will continue at the same level until the Payroll Department is notified in writing of any changes. B. The District will pay its matching share of FICA taxes as provided in Minnesota Deferred Compensation legislation until legislation changes. C. The District will match eligible employee’s contributions up to the following amounts annually: D. District participation in the program will not exceed $40,000.

Deferred Compensation Matching Program. Eligible employees include (a) employees hired on or after July 1, 1990 and (b) employees hired prior to July 1, 1990 who elected this Deferred Compensation Matching Program and do not participate in the District Severance Pay Program (see Appendix C – Severance). All eligible employees as defined in this Section after having completed five years of service in the St. Louis Park Public District will be eligible to participate in the deferred compensation matching program. The District will match the amount a full-time an employee contributes up to the amounts defined in Section 13.C. District contributions for employees full-time employees. Employees working less than full-time will be receive contributions on a pro-rata basis. A. Eligible employees must elect to participate in the deferred compensation programprogram during the open enrollment period each year. Participation will continue at the same level until the Payroll Department is notified in writing of any changes. B. The District will pay its matching share of FICA taxes as provided in Minnesota Deferred Compensation legislation until legislation changes. C. The District will match eligible employee’s contributions up to the following amounts annually: D. District participation in the program will not exceed $40,00030,000.

Deferred Compensation Matching Program. Eligible employees include (a) employees hired on or after July 1, 1990 and (b) employees hired prior to July 1, 1990 who elected this Deferred Compensation Matching Program and do not participate in the District Severance Pay Program (see Appendix C – Severance). All eligible employees as defined in this Section after having completed five years of service in the St. Louis Park Public District will be eligible to participate in the deferred compensation matching program. The District will match the amount a full-time employee contributes up to the amounts defined in Section 13.C. District contributions for employees less than full-time will be on a pro-rata basis. A. Eligible employees must elect to participate in the deferred compensation program. Participation will continue at the same level until the Payroll Department is notified in writing of any changes. B. The District will pay its matching share of FICA taxes as provided in Minnesota Deferred Compensation legislation until legislation changes. C. The District will match eligible employee’s contributions up to the following amounts annually: D. District participation in the program will not exceed $40,000.: TECHNICAL GROUP AGREEMENT 2022-24

Deferred Compensation Matching Program. Eligible employees include (a) employees hired on or after July 1, 1990 1999 and (b) employees hired prior to July 1, 1990 1999 who elected this Deferred Compensation Matching Program and do not participate in the District Severance Pay Program (see Appendix C – Severance). All eligible employees in the Operations Supervisor Group unit as defined in this Section after having completed five years starting in their first year of service employment in the St. Louis Park Public District will be eligible to participate in the deferred compensation matching program. The District will match the amount a full-time an employee contributes annually up to the amounts defined in Section 13.C. District contributions for employees less than full-time will be on a pro-rata basisrated based on the employees FTE level. A. Eligible employees must elect to participate in the deferred compensation programprogram during the open enrollment period each year. Participation will continue at the same level until the Payroll Department is notified in writing of any changes. B. The District will pay its matching share of FICA taxes as provided in Minnesota Deferred Compensation legislation until legislation changes. C. The District will match eligible employee’s contributions up to the following amounts annually: D. District participation in the program will not exceed $40,000.3.0% of salary including career increments

Deferred Compensation Matching Program. Eligible employees include (a) employees hired on or after July 1, 1990 and (b) employees hired prior to July 1, 1990 who elected this Deferred Compensation Matching Program and do not participate in the District Severance Pay Program (see Appendix C – Severance). All eligible employees as defined in this Section after having completed five years of service in the St. Louis Park Public District will be eligible to participate in the deferred compensation matching program. The District will match the amount a full-time an employee contributes up to the amounts defined in Section 13.C. District contributions for employees full-time employees. Employees working less than full-time will be receive contributions on a pro-rata basis. A. Eligible employees must elect to participate in the deferred compensation programprogram during the open enrollment period each year. Participation will continue at the same level until the Payroll Department is notified in writing of any changes. B. The District will pay its matching share of FICA taxes as provided in Minnesota Deferred Compensation legislation until legislation changes. C. The District will match eligible employee’s contributions up to the following amounts annually: D. District participation in the program will not exceed $40,000.