MATCHING ANNUITY PLAN. For Xxxxx Township teachers with at least ten (10) but less than fifteen (15) years of total teaching experience on June 2, 2003:
MATCHING ANNUITY PLAN. The School Board will provide a matching annuity plan for all eligible full-time employees as specified below:
MATCHING ANNUITY PLAN. The school employer will continue to maintain a qualified 401(a) Annuity Plan (hereinafter referred to as the "CCSC 401(a) Plan" for all certified employees covered under this collective bargaining agreement. The CCSC 401(a) Plan shall be available to all certified employees. The school employer shall also maintain a 403(b) Plan (hereinafter referred to as the "403(b) Plan" for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions. To participate in the 40l(a) Plan with an employer's match, a certificated employee must contribute at least $528 at the rate of $22 each of the 24 pays per school year. For certificated employees participating in 40l(a) Plan with an employer's match, employer will match certificated employee's $528 school year contribution as follows: School Year Certificated Employee's Contribution Employer's Match on $1.00 of Employee Contribution Maximum Employer's Match Per School Year In the event that a certified employee elects to not contribute $528 the CCSC will also not contribute. The Parties agree that the CCSC 401(a) Plan and the 403(b) Plan shall replace the Early Retirement Plan detailed in the 2002-2004 contract. The parties further agree that all contributions made to the CCSC 401(a) Plan by the school employer shall be considered as additional funds and counted as part of any salary increase negotiated for the certified employees. All certified employees hired prior to July 1, 1999 shall be 100% immediately vested in the Plan. For the certified employees hired after July 1, 1999 the CCSC 401(a) Plan and the 403(b) Plan will replace the Early Retirement Plan set forth in 2002-2004 contract with 100% vesting to occur upon the completion of the fifth consecutive year of teaching in Crawfordsville Community Schools. The CCSC 40l(a) Plan and the 403(b) Plan shall:
MATCHING ANNUITY PLAN. A. The Board agrees to establish and maintain a 401(A) Matching Annuity Plan (hereinafter referred to as the 401(A) Plan) for all certified employees covered under the collective bargaining agreement. The 401(A) Plan requires the participation of the Teacher in a salary reduction agreement establishing a 403(b), a Xxxx XXX, or a Xxxx 403(b). The 401(A) Plan contributions will commence with January 2003 contract and continue each contract thereafter.
B. The maximum contribution that will be made to the 401(A) Plan by the Board will be as follows: Teacher’s Years in Plan KVSC Contribution Total KVSC Contribution Teacher’s Years in Plan KVSC Contribution Total KVSC Contribution 1 $350 $350 21 $1,300 $17,800 2 $400 $750 22 $1,300 $19,100 3 $450 $1200 23 $1,300 $20,400 4 $500 $1,700 24 $1,300 $21,700 5 $550 $2,250 25 $1,300 $23,000 6 $600 $2,850 26 $1,300 $24,300 7 $650 $3,500 27 $1,300 $25,600 8 $700 $4,200 28 $1,300 $26,900 9 $750 $4,950 29 $1,300 $28,200 10 $800 $5,750 30 $1,300 $29,500 11 $850 $6,600 31 $1,300 $30,800 12 $900 $7,500 32 $1,300 $32,100 13 $950 $8,450 33 $1,300 $33,400 14 $1,000 $9,450 34 $1,300 $34,700 15 $1,050 $10,500 35 $1,300 $36,000 16 $1,100 $11,600 36 $1,300 $37,300 17 $1,150 $12,750 37 $1,300 $38,600 18 $1,200 $13,950 38 $1,300 $39,900 19 $1,250 $15,200 39 $1,300 $41,200 20 $1,300 $16,500 40 $1,300 $42,500 C. Payroll withholding will be made twice a month (24 (twenty-four) pays). Board contributions shall be deposited on a semi-annual basis during the months of February and August.
MATCHING ANNUITY PLAN. The school employer will continue to maintain a qualified 401(a) Annuity Plan (hereinafter referred to as the "CCSC 401(a) Plan" for all certified employees covered under this collective bargaining agreement. The CCSC 401(a) Plan shall be available to all certified employees. The school employer shall also maintain a 403(b) Plan (hereinafter referred to as the "403(b) Plan) for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions. To participate in the 40l(a) Plan with an employer's match, a certificated employee must contribute at least $528 at the rate of $22 each of the 24 pays per school year. For certificated employees participating in 40l(a) Plan with an employer's match, employer will match certificated employee's $528 school year contribution as follows: Certificated Employee's Contribution Employer's Match on $1.00 of Employee Contribution Maximum Employer's Match Per School Year In the event that a certified employee elects to not contribute $528 the CCSC will also not contribute. The parties further agree that all contributions made to the CCSC 401(a) Plan by the school employer shall be considered as additional funds and counted as part of any salary increase negotiated for the certified employees. All certified employees will be vested 100% upon the completion of the fifth consecutive year of teaching in Crawfordsville Community Schools. The CCSC 40l(a) Plan and the 403(b) Plan shall:
MATCHING ANNUITY PLAN. The Board agrees to establish and maintain a qualified 401 (a) Annuity Plan (hereinafter referred to as the 401(a) Plan) for all certified employees covered under this collective bargaining agreement. The 401(a) Plan will be available for all certified employees. The Board will also maintain a 403(b) Plan (hereinafter referred to as the 403(b) Plan) for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions which will be matched by equal Board contributions to the 401(a) Plan. The 401(a) Plan contributions will commence with the 1999-2000 contract year and continue each contract year thereafter. The maximum contribution that will be made to the 401(a) Plan by the Board will be 1.25% of Salary Schedule Salary. All eligible employees will be 100% fully vested at all times. The contributions made by the certified employees and matched dollar for dollar by the Board will be an amount which reflects the appropriate percent of the certified employee’s base salary as set forth on the certified employee’s Teacher’s Contract which corresponds to his or her placement on the Salary Schedule. The 401(a) Plan will: A. Be subject to all applicable Internal Revenue regulations.
MATCHING ANNUITY PLAN. The Superintendent may participate in the district’s 401(a) and 403(b) plans.
MATCHING ANNUITY PLAN. A. The Board agrees to establish and maintain 401(A) Matching Annuity Plan (hereinafter referred to as the 401(A) Plan) for all certified employees covered under the collective bargaining agreement. The 401(A) Plan requires the participation of the Teacher in a salary reduction agreement establishing a 403(b), a Xxxx XXX or a Xxxx 403(b). The 401(A) Plan contributions will commence with January 2003 contract and continue each contract thereafter.
B. The maximum contribution that will be made to the 401(A) Plan by the Board will be as follows: C. Payroll withholding will be made twice a month (24 pays). Board contributions shall be deposited on a semi-annual basis during the months of February and August.
MATCHING ANNUITY PLAN. SECTION 1. IRS CODE SECTION 403(b) MATCHING ANNUITY AND CUSTODIAL MUTUAL FUNDS PLAN AND SECTION 401(a) PLAN
MATCHING ANNUITY PLAN. The Board agrees to establish and maintain a qualified 401(a) Annuity Plan (hereinafter referred to as the 401(a) Plan) for all certified employees covered under this collective bargaining agreement. The 401(a) Plan shall be available for all certified employees. The Board shall also maintain a 403(b) Plan (hereinafter referred to as the 403(b) Plan) for all certified employees covered under this collective bargaining agreement. The 403(b) Plan will include provisions for pre-tax salary reduction contributions which will be matched by equal Board contributions to the 401(a) Plan. The Board contribution to the 401(a) Plan will be 2%. The contributions made by the certified employees and matched dollar for dollar by the Board shall be an amount which reflects the appropriate percent of the certified employees’ base salary as set forth on the certified employees’ teacher contract which corresponds to his or her salary. For the certified employees hired after the date of ratification of the contract, he/she will be one hundred percent (100%) vested upon the completion of five (5) years of service with Western Xxxxx Schools.
