Common use of Retirement Contribution17 Clause in Contracts

Retirement Contribution17. The Congregation will make contributions to the UU Organizations Retirement Plan (or another qualified church retirement plan). If the UUA Retirement Plan, the amount of the Employer’s Contribution and any Employer’s Matching Contributions will be consistent with the legal commitments adopted by the Congregation and submitted in the Congregation’s Participation Agreement to the UUA Office of Church Staff Finances. These commitments apply to all employees who have met the governing Plan’s Year of Eligibility Service provision. All contributions will be submitted by the applicable federally-regulated due date for each contribution type. All eligibility and participation requirements, benefits and other conditions will be determined by the Plan Sponsor pursuant to the applicable plan document and federal law. (Note: The UUA recommended employer contribution for all staff meeting the requirements of the UUA Plan is 10 percent of salary (and housing for ministers).)

Retirement Contribution17. The Congregation will make a base contributions of 5% of Salary and Housing and will match the Ministers contribution up to an additional 5% of Salary and Housing, for a combined maximum of 10% Salary and Housing, to the UU Organizations Retirement Plan (or another qualified church retirement plan). If the UUA Retirement Plan, the amount of the Employer’s Contribution and any Employer’s Matching Contributions will be consistent with the legal commitments adopted by the Congregation and submitted in the Congregation’s Participation Agreement to the UUA Office of Church Staff Finances. These commitments apply to all employees who have met the governing Plan’s Year of Eligibility Service provision. All contributions will be submitted by the applicable federally-regulated due date for each contribution type. All eligibility and participation requirements, benefits and other conditions will be determined by the Plan Sponsor pursuant to the applicable plan document and federal law. (Note: The UUA recommended employer contribution for all staff meeting the requirements of the UUA Plan is 10 percent of salary (and housing for ministers).)

Retirement Contribution17. The Congregation will make contributions to the UU Organizations Retirement Plan (or another qualified church retirement plan)) in the amount of _______% of the salary and housing benefit. If the UUA Retirement Plan, the amount of the Employer’s Contribution and any Employer’s Matching Contributions will be consistent with the legal commitments adopted by the Congregation and submitted in the Congregation’s Participation Agreement to the UUA Office of Church Staff Finances. These commitments apply to all employees who have met the governing Plan’s Year of Eligibility Service provision. All contributions will be submitted by the applicable federally-regulated due date for each contribution type. All eligibility and participation requirements, benefits and other conditions will be determined by the Plan Sponsor pursuant to the applicable plan document and federal law. (Note: The UUA recommended employer contribution for all staff meeting the requirements of the UUA Plan is 10 percent of salary (and housing for ministers).)