Common use of District Matching Contribution Clause in Contracts

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 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 –employee's--Year of Service with the District District Matching Contribution 2021-2022 2022-2023 1st year $0 2+ years $250.00 Paraeducators 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. 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. Subd 2. Paraeducators Custodians must establish participation in an eligible a tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to the 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 ofany change. Subd. . 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 –employee’s---Year of Service with the District District Matching Contribution 2022-2023 1st year $0 2-3 years $100 4+ years $250.00 Paraeducators 250 Nutrition Service employees 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. 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. Subd 2. Paraeducators Nutrition Service employees must establish participation in an eligible tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to the 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. . 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 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 –employee's--Year of Service with the District District Matching Contribution 20222023-2023 1st year 0 2+ years $250.00 Paraeducators 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. 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 begin on July 1 of each year. Subd. Subd 2. Paraeducators Custodians must establish participation in an eligible a tax-sheltered annuity plan, as defined by Minnesota Statutes, before the District will begin matching contributions to the 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. . 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.