Common use of Payroll Deduction Programs Clause in Contracts

Payroll Deduction Programs. 1. New insurance must be purchased from carriers who have participation of at least twenty percent (20%) of the teachers. Payroll deduction for current participants for insurance will continue to be made for carriers existing in 1993-94. Annuities (403b) initiated beginning January 1, 2009 must be with companies in the School Corporation’s Plan Document. It is the responsibility of the participant to arrange the billing procedure with the corporation’s bookkeeper.

Payroll Deduction Programs. 1. New insurance benefits must be purchased from carriers who have participation of at least twenty percent (20%) of the teachers. Payroll deduction for current participants for insurance will continue to be made for carriers existing in 1993-94. Annuities (403b) initiated beginning January 1, 2009 must be with companies in the School Corporation’s Plan Document. It is the responsibility of the participant to arrange the billing procedure with the corporation’s bookkeeper.