Common use of Tax Deferred Annuities Clause in Contracts

Tax Deferred Annuities. Section 24.1 The District will purchase for any teacher, upon written request and signed authorization from the teacher, a tax-deferred annuity within the limits provided by law. The annuity will be paid for entirely by the teacher by means of regular payroll deductions. The District will transmit the money so deducted to the appropriate carrier within five (5) days of the pay dates. Any new carrier must be approved by the District. Any tax- deferred annuity program available to other Avondale employee groups will be available to teachers. Section 24.2 A teacher may change the amount deducted for a tax deferred annuity not more than twice per school year, except for a change in status. Section 24.3 If the District incurs additional expenses with a 403(b) carrier beyond those required by law, the District and Association will enter into discussions concerning the possibility of eliminating the addition of any future contributors to that carrier’s 403(b) fund.

Tax Deferred Annuities. Section 24.1 25.1 The District will purchase for any teacher, upon written request and signed authorization from the teacher, a tax-deferred annuity within the limits provided by law. The annuity will be paid for entirely by the teacher by means of regular payroll deductions. The District will transmit the money so deducted to the appropriate carrier within five (5) days of the pay dates. Any new carrier must be approved by the District. Any tax- deferred annuity program available to other Avondale employee groups will be available to teachers. Section 24.2 25.2 A teacher may change the amount deducted for a tax deferred annuity not more than twice per school year, except for a change in status. Section 24.3 . If the District incurs additional expenses with a 403(b) carrier beyond those required by law, the District and Association will enter into discussions concerning the possibility of eliminating the addition of any future contributors to that carrier’s 403(b) fund.

Tax Deferred Annuities. Section 24.1 25.1 The District will purchase for any teacher, upon written request and signed authorization from the teacher, a tax-deferred annuity within the limits provided by law. The annuity will be paid for entirely by the teacher by means of regular payroll deductions. The District will transmit the money so deducted to the appropriate carrier within five (5) days of the pay dates. Any new carrier must be approved by the District. Any tax- tax-deferred annuity program available to other Avondale employee groups will be available to teachers. Section 24.2 25.2 A teacher may change the amount deducted for a tax deferred annuity not more than twice per school year, except for a change in status. Section 24.3 . If the District incurs additional expenses with a 403(b) carrier beyond those required by law, the District and Association will enter into discussions concerning the possibility of eliminating the addition of any future contributors to that carrier’s 403(b) fund.

Tax Deferred Annuities. Section 24.1 25.1 The District will purchase for any teacher, upon written request and signed authorization from the teacher, a tax-deferred annuity within the limits provided by law. The annuity will be paid for entirely by the teacher by means of regular payroll deductions. The District will transmit the money so deducted to the appropriate carrier within five (5) days of the pay dates. Any new carrier must be approved by the District. Any tax- deferred annuity program available to other Avondale employee groups will be available to teachers. Section 24.2 25.2 A teacher may change the amount deducted for a tax deferred annuity not more than twice per school year, except for a change in status. Section 24.3 25.3 If the District incurs additional expenses with a 403(b) carrier beyond those required by law, the District and Association will enter into discussions concerning the possibility of eliminating the addition of any future contributors to that carrier’s 403(b) fund.