Common use of State Teachers Retirement System of Ohio Clause in Contracts

State Teachers Retirement System of Ohio. All teachers shall have the right to contribute funds to an approved tax- sheltered annuity (403(b)) up to the maximum allowed by law and in accordance with the district’s adopted 403(b) plan. A minimum participation of four (4) teachers is required to add additional providers who agree to sign the Board’s plan documents. Changes to deductions may be made at any time throughout the year by providing the Treasurer’s Office with at least thirty (30) days’ notice of changes using the approved salary reduction agreement adopted as a part of the Board’s 403(b) plan document.

State Teachers Retirement System of Ohio. All teachers shall have the right to contribute funds to an approved tax- tax sheltered annuity (403(b)) up to the maximum allowed by law and in accordance with the district’s adopted 403(b) plan. A minimum participation of four (4) teachers is required to add additional providers who agree to sign the Board’s plan documents. Changes to deductions may be made at any time throughout the year by providing the Treasurer’s Office with at least thirty (30) days’ notice of changes using the approved salary reduction agreement adopted as a part of the Board’s 403(b) plan document.