Section 115 Trust (VEBA). The EVSC shall contribute an amount equal to one percent (1.0%) of a teacher’s base salary to a retiree health care trust under Section 115 of the Internal Revenue Code (“115 Trust”). Additional terms and conditions for the administration and operations of the Ongoing 115 Trust shall be as follows:
Appears in 3 contracts
Samples: Agreement, Collective Bargaining Agreement, Agreement
Section 115 Trust (VEBA). The EVSC shall contribute an amount equal to one percent (1.01%) of a teacher’s base salary to a retiree health care trust under Section 115 of the Internal Revenue Code (“115 Trust”). Additional terms and conditions for the administration and operations of the Ongoing 115 Trust shall be as follows:
Appears in 1 contract
Samples: Agreement
