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 Medical Center will contribute on a matched basis, up to two percent (2%) of the employee’s gross wage. These contributions will be paid in accordance with the plan’s terms. Employees currently eligible for a Medical Center match up to three percent (3%) shall continue such match. See Appendix D.

Appears in 6 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!