Common use of SHS Tax-Sheltered Annuity (TSA) and Matched Contribution Program Clause in Contracts

SHS Tax-Sheltered Annuity (TSA) and Matched Contribution Program. The employer shall provide the Samaritan Health Services Tax-Sheltered Annuity Plan to employees covered by this collective bargaining agreement. Under this plan, employees may purchase tax-sheltered annuities through payroll deduction up to the maximum allowable by applicable law (403(b)). The hospital will contribute on a matched basis, up to another three percent (3%) of the employee’s gross wage if hired on or before April 13, 2012. If hired on after April 14, 2012, the hospital will contribute on a matched basis, up to another two percent (2%) of the employee’s gross wage for employees. These contributions will be paid in accordance with the plan’s terms.

SHS Tax-Sheltered Annuity (TSA) and Matched Contribution Program. The employer Hospital shall provide the Samaritan Health Services Tax-Sheltered Annuity Plan to employees covered by this collective bargaining agreement. Under this plan, employees employees, may purchase tax-sheltered annuities through payroll deduction up to the maximum allowable by applicable law (403(b)). The hospital Hospital will also contribute on a matched basis, up to another three percent (3%) of the employee’s gross wage if for service employees hired on or before April 13March 5, 2012. If hired on after April 14, 2012, the hospital will contribute on a matched basis, up to another 2012 and two percent (2%) of the employee’s gross wage for all other employees. These contributions will be paid in accordance with the plan’s terms.

SHS Tax-Sheltered Annuity (TSA) and Matched Contribution Program. The employer shall provide the Samaritan Health Services Tax-Sheltered Annuity Plan to employees covered by this collective bargaining agreement. Under this plan, employees employees, may purchase tax-sheltered annuities through payroll deduction up to the maximum allowable by applicable law (403(b)). The hospital will also contribute on a matched basis, up to another three percent (3%) of the employee’s gross wage if hired on or before April 13, 2012. If hired on after April 14, 2012, the hospital will contribute on a matched basis, up to another two percent (2%) of the employee’s gross wage for service employees hired on or before March 5, 2012 and two (2%) percent for all other employees. These contributions will be paid in accordance with the plan’s terms.