Common use of Retirement Contribution Clause in Contracts

Retirement Contribution. The UU Organizations Retirement Plan is a qualified 401(a)/(k) defined contribution plan and is federally regulated. All employees who satisfy the Plan’s Year of Eligibility Service provision (See 2.42 in the UUA Plan document) must be enrolled in the UUA Retirement Plan and must receive the same percentage employer retirement contribution. Congregations that have elected to also offer employer’s Matching Contributions provide them only to those employees who a) are eligible for employer’s Retirement contributions and b) make their own voluntary pre-tax salary- reduction elective contributions. The Congregation cannot offer to the Minister a higher percent employer contribution than they do to other staff members. In agreeing to participate in the UUA Retirement Plan, Congregations agree to abide the rules of the Plan and, if necessary, to update the personnel policies of the Congregation to match those governing the UUA Plan. The UUA Retirement Plan requires a minimum employer contribution of 5 percent to all eligible employees, and the UUA Compensation Guidelines urge Congregations to make an employer contribution of 10 percent or more. UUA Compensation Guidelines can be found at: xxx.xxx.xxx/xxxxxxxxxxxx. As of December 2017, 84% of participating congregations provide an employer contribution of 10% or more.

Retirement Contribution. The UU Organizations Retirement Plan is a qualified 401(a)/(k) defined contribution plan and is federally regulated. All employees who satisfy the Plan’s Year of Eligibility Service provision (See 2.42 in the UUA Plan document) must be enrolled in the UUA Retirement Plan and must receive the same percentage employer retirement contribution. Congregations that have elected to also offer employer’s Matching Contributions provide them only to those employees who a) are eligible for employer’s Retirement contributions and b) make their own voluntary pre-tax salary- salary-reduction elective contributions. The Congregation cannot offer to the Minister a higher percent employer contribution than they do to other staff members. In agreeing to participate in the UUA Retirement Plan, Congregations agree to abide the rules of the Plan and, if necessary, to update the personnel policies of the Congregation to match those governing the UUA Plan. The UUA Retirement Plan requires a minimum employer contribution of 5 percent to all eligible employees, and the UUA Compensation Guidelines urge Congregations to make an employer contribution of 10 percent or more. UUA Compensation Guidelines can be found at: xxx.xxx.xxx/xxxxxxxxxxxx. As of December 2017, 84% of participating congregations provide an employer contribution of 10% or more.

Retirement Contribution. The UU Organizations Retirement Plan is a qualified 401(a)/(k) defined contribution plan and is federally regulated. All employees who satisfy the Plan’s Year of Eligibility Service provision (See 2.42 in the UUA Plan document) must be enrolled in the UUA Retirement Plan and must receive the same percentage employer retirement contribution. Congregations that have elected to also offer employer’s Matching Contributions provide them only to those employees who a) are eligible for employer’s Retirement contributions and b) make their own voluntary pre-tax salary- reduction elective contributions. The Congregation cannot offer to the Minister a higher percent employer contribution than they do to other staff members. In agreeing to participate in the UUA Retirement Plan, Congregations agree to abide the rules of the Plan and, if necessary, to update the personnel policies of the Congregation to match those governing the UUA Plan. The UUA Retirement Plan requires a minimum employer contribution of 5 percent to all eligible employees, and the UUA Compensation Guidelines urge Congregations to make an employer contribution of 10 percent or more. UUA Compensation Guidelines can be found at: xxx.xxx.xxx/xxxxxxxxxxxx. As of December 2017, 84% of participating congregations provide an employer contribution of 10% or more. coverage for the minister’s spouse/partner and dependents. Should the minister not require any Health Insurance, due to having coverage elsewhere, a bonus of $1000 will be paid at the end of the church year.

Retirement Contribution. The UU Organizations Retirement Plan is a qualified 401(a)/(k) defined contribution plan and is federally regulated. All employees who satisfy the Plan’s Year of Eligibility Service provision (See 2.42 in the UUA Plan document) must be enrolled in the UUA Retirement Plan and must receive the same percentage employer retirement contribution. Congregations that have elected to also offer employer’s Matching Contributions provide them only to those employees who a) are eligible for employer’s Retirement contributions and b) make their own voluntary pre-tax salary- salary-reduction elective contributions. The Congregation cannot offer to the Minister a higher percent employer contribution than they do to other staff members. In agreeing to participate in the UUA Retirement Plan, Congregations agree to abide the rules of the Plan and, if necessary, to update the personnel policies of the Congregation to match those governing the UUA Plan. The UUA Retirement Plan requires a minimum employer contribution of 5 percent to all eligible employees, and while the UUA Fair Compensation Guidelines urge Congregations to make an employer contribution of 10 percent or more. UUA Fair Compensation Guidelines can be found at: xxx.xxx.xxx/xxxxxxxxxxxx. As of December 2017, 84% of participating congregations provide an employer contribution of 10% or more.