Supplemental Retirement Account Contributions. Pursuant to M.S. Sections 354C.12 and 356.24, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and six hundred dollars ($1,600) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR) fund. Beginning on July 1, 2008, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and seven hundred dollars ($1,700) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR)
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Samples: Agreement, www.leg.mn.gov, Agreement
