Tax Deferred Annuities. All teachers employed by the Board, for a minimum of twenty (20) hours per week shall be eligible to request specified reduction in salary and the purchase of non-forfeitable annuities (tax sheltered annuities) by the Board. The Board shall make such purchases as provided for in Section 403(b) of the Internal Revenue Code of 1954, as amended and in section 457(b) tax deferred retirement program.
Appears in 3 contracts
Samples: Collective Bargaining Agreement, Employment Agreement, Employment Agreement
Tax Deferred Annuities. All teachers employed by the Board, for a minimum of twenty (20) hours per week shall be eligible to request specified reduction in salary and the purchase of non-forfeitable annuities (tax sheltered annuities) by the Board. The Board shall make such purchases as provided for in Section 403(b403 (b) of the Internal Revenue Code of 1954, as amended and in section 457(b457 (b) tax deferred retirement program.
Appears in 3 contracts
Samples: Employment Agreement, Employment Agreement, Collective Bargaining Agreement
Tax Deferred Annuities. All teachers employed by the Board, for a minimum of twenty (20) hours per week shall be eligible to request specified reduction in salary and the purchase of non-forfeitable nonforfeitable annuities (tax sheltered annuities) by the Board. The Board shall make such purchases as provided for in Section 403(b403 (b) of the Internal Revenue Code of 1954, as amended and in section 457(b) 457B tax deferred retirement program.
Appears in 1 contract
Samples: Collective Bargaining Agreement
