Deferred Compensation Programs. Any compensation deferred by Employee pursuant to one or more non-qualified deferred compensation plans or arrangements of the Company subject to Section 409A of the Code and not otherwise expressly addressed by the terms of this Agreement, shall be paid at such time and in such form of payment as set forth in each applicable plan or arrangement governing the payment of any such deferred amounts.
Deferred Compensation Programs. In accordance with Section 403(b) of the Internal Revenue Code and MS 356.24, the School Board will match an amount equal to the minimum match, the maximum match, or any amount in between the contribution of an eligible teacher according to the following schedules towards an approved 403(b) tax sheltered annuity plan. Teachers who have been contributing to a 457 plan prior to the ratification of the 2013-2015 contract will be grandfathered in, with the district contributing matching funds to the 457 plans. Teachers hired on or after July 1, 2014 or new enrollees to the deferred compensation program will have all matching funds contributed to a 403(b) plan. The plan must meet the School District’s guidelines for approval. The contribution and match are forwarded each pay period to the plan account.
1. Service Prior to July 1, 1990 – District Match:
Deferred Compensation Programs. In accordance with Section 457 or 403b of the internal revenue code and MS.356.24, the School Board will match the contribution of an eligible employee according to the following schedule towards either the Minnesota State Deferred Compensation Program (Section 457) or an approved 403b tax sheltered annuity plan. The plan must meet the School District’s guidelines for approval. The contribution and match are forwarded each pay period to the plan account. Employees who have been contributing to a 457 plan prior to the ratification of the 2014-2016 contract will be grandfathered in, with the district contributing matching funds to the 457 plan. Employees hired on or after July 1, 2014 or new enrollees to the deferred compensation program will have matching funds contributed by the district, up to the minimum, maximum or any amount in between, to the 403(b) plan. $250 ($13.17 per pay check) $660 ($34.74 per pay check)
Section 1. Sick leave:
Deferred Compensation Programs. In accordance with Section 403(b) of the Internal Revenue Code and MS 356.24, the School Board will match an amount equal to the minimum match, the maximum match, or any amount in between the contribution of an eligible teacher according to the following schedules towards an approved 403(b) tax sheltered annuity plan. Teachers who have been contributing to a 457 plan prior to the ratification of the 2013-2015 contract will be grandfathered in, with the district contributing matching funds to the 457 plan. Teachers hired on or after July 1, 2014 or new enrollees to the deferred compensation program will have all matching funds contributed to a 403(b) plan. The plan must meet the School District’s guidelines for approval. The contribution and match are forwarded each pay period to the plan account. Subd. 1. Service Prior to July 1, 1990 – Annual Match and One-time Payment to Employees: Teachers whose service began prior to July 1, 1990 Effective July 1, 2015 – June 30, 2016 District Annual Match of $900.00 Effective 2016-2017 All eligible employees, pro rated by FTE. Must be active on last day of school, meet performance expectations, and meet minimum duty day requirements to qualify for one-time payment. One-time payment to be paid at end of contract year (July 20, 2017). One-time Payment Paid by District to Employee $900.00
Deferred Compensation Programs. Section 25.1 The City will provide the opportunity for employees to participate in deferred compensation program(s) and extends to all eligible BGPCOA members the opportunity to join the programs.
Section 25.2 The Finance Director is authorized to execute an agreement on the terms and conditions of the program and thereafter to administer the program on behalf of the employees.
Deferred Compensation Programs. Section 23.1 The City adopts the Ohio Deferred Compensation (State Public Employees Deferred Compensation Program) and extends to all eligible employees the opportunity to join the program. The City will continue to administer the Ohio Municipal League Master Deferred Compensation Plan (VOYA), and the Great American Annuity Investors/Mass Mutual Life Insurance Company Deferred Compensation Plan for currently enrolled employees.
Deferred Compensation Programs. The City agrees to deduct from employees giving written authorization to the City Auditor any moneys for authorized deferred compensation programs and remit such withholdings to the proper authority.
Deferred Compensation Programs. In accordance with Section 457 or 403(b) of the Internal Revenue Code and M.S. 356.24, the School District will match the contribution of an eligible employee according to the following schedules towards either the Minnesota State Deferred Compensation Program, Section 457 plan, or a 403(b) tax sheltered annuity plan which has met the School District’s guidelines. Any selected plan must meet the School District’s guidelines. These contributions will be paid each pay period. Employees who have been contributing to a 457 plan prior to January 1, 2015 will be grandfathered in, with the District contributing matching funds to the 457 plan. Employees hired on or after January 1, 2015 or new enrollees to the deferred compensation program will have all matching funds contributed to a 403(b) plan. The District will match the minimum or maximum amount, or any amount in between. Subd. 1. Monthly School District Match: Eligibility 10-month Employees 12-month Employees Employees are Minimum Maximum Minimum Maximum eligible after one (1) match of $190* match of $380* match of $240* match of $480* year of service with ($10 per ($20 per ($10 per ($20 per the District. paycheck) paycheck) paycheck) paycheck) * Employees may choose to defer more than the District annual match amount. Federal law determines the maximum amount an individual can contribute annually.
Deferred Compensation Programs. 4.1 The City shall offer deferred compensation programs to employees in the KCPSA as a voluntary employee election.
Deferred Compensation Programs. 6.1 The City shall offer deferred compensation programs to DHSEU employees as a voluntary employee election.
