Common use of Retirement Contribution Clause in Contracts

Retirement Contribution. The Congregation will make contributions to a qualified church retirement plan. All eligibility and participation requirements will be adhered to, as determined by the Plan Sponsor and pursuant to the applicable plan documents and federal law. Contributions will be submitted by the applicable federally-regulated due date for each contribution type. The recommended employer contribution for staff meeting eligibility requirements is 10% of salary (and housing for ministers). UUA Compensation Standards can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/leadership/library/uua-compensation-standards. While 10% is the UUA recommendation, the congregation is required to contribute in accordance with any commitments they have made to their Plan Sponsor (UUA or other). See 3.2.2.1. 3.2.2.1 For congregations in the UU Organizations Retirement Plan: Consistent with the legal commitments outlined in our congregation's Employer Participation Agreement on file with the UUA Office of Church Staff Finances, the Congregation will make a _____% Employer Contribution. [And, if applicable, a _____% matching contribution and/or _____% auto-enroll.] The Congregation will define compensation in accordance with the exclusions we have designated in item 4 of that Agreement. If at any time an inconsistency is found between this Agreement and the congregation's Employer Participation Agreement, the staff or lay leader responsible for Retirement Plan administration will immediately contact the UUA Retirement Plan Director, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇, for assistance in coming to a resolution. Along with all other employees, the Minister can authorize elective contributions through salary deferral at any time. The UU Organizations Retirement Plan is an IRS-qualified 401(a)/(k) defined contribution church 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 all must receive the same percentage employer retirement contribution, as specified in the congregation's Employer Participation Agreement. Ministers meet the Year of Eligibility Service provision through completion of the UUA's ministerial credentialing process. Information about Elective and Employers' Contributions, including rules for matching contributions, can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/contributions. For congregations who have chosen auto-enrollment for their staff, see ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/auto-enrollment.

Appears in 3 contracts

Sources: Developmental Agreement, Interim Ministerial Agreement, Ministerial Agreement

Retirement Contribution. The Congregation will make contributions to a qualified church retirement plan. All eligibility and participation requirements will be adhered to, as determined by the Plan Sponsor and pursuant to the applicable plan documents and federal law. Contributions will be submitted by the applicable federally-regulated due date for each contribution type. The recommended employer contribution for staff meeting eligibility requirements is 10% of salary (and housing for ministers). UUA Compensation Standards can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/leadership/library/uua-compensation-standards. While 10% is the UUA recommendation, the congregation is required to contribute in accordance with any commitments they have made to their Plan Sponsor (UUA or other). See 3.2.2.1. 3.2.2.1 For congregations in the UU Organizations Retirement Plan: Consistent with the legal commitments outlined in our congregation's Employer Participation Agreement on file with the UUA Office of Church Staff Finances, the Congregation will make a _____% Employer Contribution. [And, if applicable, a _____% matching contribution and/or ______ % auto-enroll.] The Congregation will define compensation in accordance with the exclusions we have designated in item 4 of that Agreement. If at any time an inconsistency is found between this Agreement and the congregation's Employer Participation Agreement, the staff or lay leader responsible for Retirement Plan administration will immediately contact the UUA Retirement Plan Director, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇, for assistance in coming to a resolution. Along with all other employees, the Minister can authorize elective contributions through salary deferral at any time. The UU Organizations Retirement Plan is an IRS-qualified 401(a)/(k) defined contribution church 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 all must receive the same percentage employer retirement contribution, as specified in the congregation's Employer Participation Agreement. Ministers meet the Year of Eligibility Service provision through completion of the UUA's ministerial credentialing process. Information about Elective and Employers' Contributions, including rules for matching contributions, can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/contributions. For congregations who have chosen auto-enrollment for their staff, see ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/auto-enrollment.

Appears in 3 contracts

Sources: Interim Ministerial Agreement, Agreement for Developmental Ministers, Interim Ministerial Agreement

Retirement Contribution. The Congregation will make contributions to a qualified church retirement plan. All eligibility and participation requirements will be adhered to, as determined by the Plan Sponsor and pursuant to the applicable plan documents and federal law. Contributions will be submitted by the applicable federally-regulated due date for each contribution type. The recommended employer contribution for staff meeting eligibility requirements is 10% of salary (and housing for ministers). UUA Compensation Standards can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/leadership/library/uua-compensation-standards. While 10% is the UUA recommendation, the congregation is required to contribute in accordance with any commitments they have made to their Plan Sponsor (UUA or other). See 3.2.2.1. 3.2.2.1 For congregations in the UU Organizations Retirement Plan: Consistent with the legal commitments outlined in our congregation's Employer Participation Agreement on file with the UUA Office of Church Staff Finances, the Congregation will make a _____% Employer Contribution. [And, if applicable, a _____% matching contribution and/or _____% auto-enroll.] The Congregation will define compensation in accordance with the exclusions we have designated in item 4 of that Agreement. If at any time an inconsistency is found between this Agreement and the congregation's Employer Participation Agreement, the staff or lay leader responsible for Retirement Plan administration will immediately contact the UUA Retirement Plan Director, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇, for assistance in coming to a resolution. Along with all other employees, the Minister can authorize elective contributions through salary deferral at any time. The UU Organizations Retirement Plan is an IRS-qualified 401(a)/(k) defined contribution church 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 all must receive the same percentage employer retirement contribution, as specified in the congregation's Employer Participation Agreement. Ministers meet the Year of Eligibility Service provision through completion of the UUA's ministerial credentialing process. Information about Elective and Employers' Contributions, including rules for matching contributions, can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/contributions. For congregations who have chosen auto-enrollment for their staff, see ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/auto-enrollment.

Appears in 2 contracts

Sources: Ministerial Agreement, Interim Ministerial Agreement

Retirement Contribution. The Congregation will make contributions to a qualified church retirement plan. All eligibility and participation requirements will be adhered to, as determined by the Plan Sponsor and pursuant to the applicable plan documents and federal law. Contributions will be submitted by the applicable federally-regulated due date for each contribution type. The recommended employer contribution for staff meeting eligibility requirements is 10% of salary (and housing for ministers). UUA Compensation Standards can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/leadership/library/uua-compensation-standards. While 10% is the UUA recommendation, the congregation is required to contribute in accordance with any commitments they have made to their Plan Sponsor (UUA or other). See 3.2.2.1. 3.2.2.1 For congregations in the UU Organizations Retirement Plan: Consistent with the legal commitments outlined in our congregation's Employer Participation Agreement on file with the UUA Office of Church Staff Finances, the Congregation will make a _____% Employer Contribution. [And, if applicable, a _____% matching contribution and/or _____% auto-enroll.] The Congregation will define compensation in accordance with the exclusions we have designated in item 4 of that Agreement. If at any time an inconsistency is found between this Agreement and the congregation's Employer Participation Agreement, the staff or lay leader responsible for Retirement Plan administration will immediately contact the UUA Retirement Plan Director, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇, for assistance in coming to a resolution. Along with all other employees, the Minister can authorize elective contributions through salary deferral at any time. The UU Organizations Retirement Plan is an IRS-qualified 401(a)/(k) defined contribution church 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 all must receive the same percentage employer retirement contribution, as specified in the congregation's Employer Participation Agreement. Ministers meet the Year of Eligibility Service provision through completion of the UUA's ministerial credentialing process. Information about Elective and Employers' Contributions, including rules for matching contributions, can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/contributions. For congregations who have chosen auto-enrollment for their staff, see ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/auto-enrollment.

Appears in 1 contract

Sources: Ministerial Agreement

Retirement Contribution. The Congregation will make contributions to a qualified church retirement plan. All eligibility and participation requirements will be adhered to, as determined by the Plan Sponsor and pursuant to the applicable plan documents and federal law. Contributions will be submitted by the applicable federally-regulated due date for each contribution type. The recommended employer contribution for staff meeting eligibility requirements is 10% of salary (and housing for ministers). UUA Compensation Standards can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/leadership/library/uua-compensation-standards. While 10% is the UUA recommendation, the congregation is required to contribute in accordance with any commitments they have made to their Plan Sponsor (UUA or other). See 3.2.2.1. 3.2.2.1 For congregations in the UU Organizations Retirement Plan: Consistent with the legal commitments outlined in our congregation's Employer Participation Agreement on file with the UUA Office of Church Staff Finances, the Congregation will make a _____% Employer Contribution. [And, if applicable, a _____ _% matching contribution and/or _____% auto-enroll.] The Congregation will define compensation in accordance with the exclusions we have designated in item 4 of that Agreement. If at any time an inconsistency is found between this Agreement and the congregation's Employer Participation Agreement, the staff or lay leader responsible for Retirement Plan administration will immediately contact the UUA Retirement Plan Director, ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇.▇▇▇, for assistance in coming to a resolution. Along with all other employees, the Minister can authorize elective contributions through salary deferral at any time. The UU Organizations Retirement Plan is an IRS-qualified 401(a)/(k) defined contribution church 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 all must receive the same percentage employer retirement contribution, as specified in the congregation's Employer Participation Agreement. Ministers meet the Year of Eligibility Service provision through completion of the UUA's ministerial credentialing process. Information about Elective and Employers' Contributions, including rules for matching contributions, can be found at: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/contributions. For congregations who have chosen auto-enrollment for their staff, see ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/finance/compensation/retirement/auto-enrollment.

Appears in 1 contract

Sources: Ministerial Agreement