Common use of Retirement Savings Plan the School District’s 401(a) Tax Deferred Program Clause in Contracts

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half percent (2.5%) match to the teacher’s account in the 401(a) plan for the -2019-2020 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s account in the 401(a) plan contingent upon the February 2020 ADM student count of 50 or more new students greater than the September 2019 ADM. The additional .25% match shall be retroactive to January 1, 2020. Teachers who choose not to participate in this program will not be able to claim the Board’s contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s contribution.

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half percent (2.52.75%) match to the teacher’s account in the 401(a) plan for the -2019-2020-2020 2021 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s account in the 401(a) plan contingent upon the February 2020 2021 ADM student count of 50 or more new students greater than the September 2019 2020 ADM. The additional .25% match shall be retroactive to January 1, 2020effective the first pay roll following the February 2021 ADM count. Teachers who choose not to participate in this program will not be able to claim the Board’s contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s contribution.

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half the Teacher’s contribution up to three percent (2.53%) as a match to the teacher’s account in the 401(a) plan for the -2019-2020 2021- 2022 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s account in the 401(a) plan contingent upon the February 2020 2022 ADM student count of 50 75 or more new students greater than the September 2019 2021 ADM. The additional .25% match shall be retroactive to January 1, 2020effective the first payroll following the February 2022 ADM count. Teachers who choose not to participate in this program will not be able to claim the Board’s contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s contribution.

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 's 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 's 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 's 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half the Teacher's contribution up to three percent (2.53%) as a match to the teacher’s 's account in the 401(a) plan for the -2019-2020 2022- 2023 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s 's account in the 401(a) plan contingent upon the February 2020 2023 ADM student count of 50 75 or more new students greater than the September 2019 2022 ADM. The additional .25% match shall be retroactive to January 1, 2020effective the first payroll following the February 2023 ADM count. Teachers who choose not to participate in this program will not be able to claim the Board’s 's contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s 's contribution.

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 's 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 's 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 's 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half the Teacher's contribution up to three percent (2.53.25%) as a match to the teacher’s 's account in the 401(a) plan for the -2019-2020 2023- 2024 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s 's account in the 401(a) plan contingent upon the February 2020 2024 ADM student count of 50 or more new students greater than the September 2019 2023 ADM. The additional .25% match shall be retroactive to January 1, 2020effective the first payroll following the February 2024 ADM count. Teachers who choose not to participate in this program will not be able to claim the Board’s 's contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s 's contribution.