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)).

SHS Tax-Sheltered Annuity (TSA) and Matched Contribution Program. The employer Medical Center 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 another two percent (2%) of the employee’s gross wage. 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 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 two percent (2%) of the employee’s gross wage. These contributions will be paid in accordance with the plan’s terms.