District Matching Contribution Clause Samples
District Matching Contribution. The School District will match the contribution of an eligible teacher towards either the Minnesota State Deferred Compensation Program (Section 457) or an approved 403b tax sheltered annuity plan up to an annual amount of $2,000 (two thousand dollars). The School District match will be made on a dollar-for-dollar basis up to the maximum annual amount. Teachers may not recover School District matching contributions for years in which they chose not to participate or participated at a level below the maximum School District contribution level. The annual year for District contributions shall be July 1 through June 30. The District contribution will be pro-rated for part time teachers. The School District’s matching contribution shall be paid into the teacher’s account with the State of Minnesota’s Deferred Compensation Program (Section 457) or the teacher’s 403(b) tax sheltered annuity plan through a vendor from the District approved list.
District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee’s –Year of Service with the District District Matching Contribution 2022-2023 1st year 0 2+ years $250.00 Paraeducators in their first (1st) year of service may participate in the “plan” without a match. The District match will begin their second (2nd) year of service.
Subd. 1. The annual year for District contributions shall be July 1 through June 30. Changes in District matching amounts, based on years of service completed as of June 30 will be made on July 1 of each year.
Subd. 2. Paraeducators must establish participation in an eligible tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to the plan. To begin participation, the employee must submit a completed salary reduction form to the Payroll Office. Once established, participation will continue at the same rate until the Payroll Office is notified of any change. Subd. 3. The District match will be divided evenly over 19 or 24 paychecks up to the maximum annual amount. Employees may not recover District matching contributions for years in which they chose not to participate or participated at a level below the maximum District contribution.
District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee's--Year of Service with the District 2023-2024 2024-2025 Custodians in their first (1st) year of service may participate in the 'plan' without a match. The District match will begin in their second (2nd) year of service. Effective July 1, 2024, the maximum annual District matching contribution shall be $2500 per year and available upon hire.
Subd 1. The annual year for District contributions shall be July 1 through June 30. Changes in District matching amounts, based on years of service completed as of June 30 will begin on July 1 of each year.
Subd 2. Custodians must establish participation in a tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to that plan. To begin participation, the employee must submit a completed salary reduction form to the Payroll Office. In order to receive the maximum annual amount, the salary reduction form must be received by June 15. If the salary reduction form is received after June 15, the annual amount of the District matching contribution will be prorated based on the remaining number of months inthe fiscal year. Once established, participation will continue at the same rate until the Payroll Office is notified of any change.
Subd 3. The District match will be divided evenly over 24 paychecks up to the maximum annual amount. Employees may not recover District matching contributions for years in which they chose not to participate or participated at a level below the maximum District contribution.
District Matching Contribution. Principals who elect to participate in a tax deferred 403b plan shall be entitled to a matching School District contribution. The School District shall match any such Principal’s annual contribution to either of the plans up to four thousand five hundred dollars ($4,500). Effective July 1, 2024, the school district annual match will be five thousand dollars ($5,000) The parties agree that any description of benefits contained in this Article is intended to be informational only and the management of contributed funds is the responsibility of the company selected by the employee. It is further understood that the district’s only obligation is to make contributions as specified in this Article and that no other claim shall be made against the district pursuant to this Article.
District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee’s---Year of Service with the District District Matching Contribution 2019-2020 District Matching Contribution 2020-2021 Probationary $0.00 $0.00 Continuing Contract $3,300 $3,600 Teachers in their probationary period may participate in the ‘plan’ without a match. The District match will begin upon achieving continuing contract status (i.e. 2nd year or 4th year). For eligible part-time teachers, the District match will be prorated based on the teacher’s percent of contract as of September 1 of each school year.
Subd 1. The annual year for District contributions shall be July 1 through June 30. Changes in District matching amounts, based on years of service completed as of June 30 will be made on July 1 of each year.
Subd 2. Teachers must establish participation in a tax sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to that plan. To begin participation, the employee must submit a completed salary reduction form to the Payroll Office. In order to receive the maximum annual amount, the salary reduction form must be received by June 15. If the salary reduction form is received after June 15, the annual amount of the District matching contribution will be prorated based on the remaining number of months in the fiscal year. Once established, participation will continue at the same rate until the Payroll Office is notified of any change.
Subd 3. The District match will be made on a dollar for dollar basis up to the maximum annual amount. Employees may not recover District matching contributions for years in which they chose not to participate or participated at a level below the maximum District contribution.
District Matching Contribution. The maximum annual District contribution shall be based on years of service with Mounds View School District according to the following schedule: At the beginning of the employee's--Year of Service with the District 2021-2022 2022-2023 1st year $0 $0 2+years $1600 $1900 Custodians in their first (1st) year of service may participate in the 'plan' without a match. The District match will begin in their second (2nd) year of service.
Subd 1. The annual year for District contributions shall be July 1 through June 30. Changes in District matching amounts, based on years of service completed as of June 30 will be made on July 1 of each year.
Subd 2. Custodians must establish participation in a tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to that plan. To begin participation, the employee must submit a completed salary reduction form to the Payroll Office. In order to receive the maximum annual amount, the salary reduction form must be received by June