Tax Deferred Annuity Program. The Employer provides the opportunity for all Nurses covered by this Agreement to contribute up to the allowable limit of earnings to the Employer’s Tax-Deferred Annuity Plan, under IRS Regulation 403(b).
Tax Deferred Annuity Program. Full-time staff members within this bargaining unit are permitted to request that a portion of their salary be allocated for the purchase of annuities, subject to rules and regulations of the State of Rhode Island and Internal Revenue codes.
Tax Deferred Annuity Program. The Board shall continue to make available, through payroll deduction, tax deferred annuity programs to all teachers in accordance with the policies in effect on the effective date of this Agreement. The Board and Union agree to jointly study the feasibility of providing teachers with the option of concurrently participating in more than one district provided annuity program.
Tax Deferred Annuity Program. There shall be made available to all regular full-time and part-time Employees employed 600 or more hours, by payroll deductions, the Tax Deferred Annuity contracts issued by a qualified provider indemnifying the BOARD against penalty, except that no contact may be made with any Employee during regular working hours, nor in school buildings or on school property, and provided further that no school facilities shall be used for the distribution of literature or materials, and that the ADMINISTRATION be authorized to establish such administrative regulations as are deemed necessary for the efficient administration of this program.
Tax Deferred Annuity Program. Employees, upon written request to the Secretary of the Board of Education, may participate in a group tax deferred annuity program of their choice from plans authorized by the Secretary and on file in the School District's Business Services Department. New agents wishing to market tax deferred annuity programs must apply to the Secretary for authorization to solicit employees. In order to be considered and approved, an agent must be licensed in Wisconsin and maintain an office and residence in the Madison Metropolitan Area (or be affiliated with a licensed company with an office located in the Madison Metropolitan Area). The School District reserves the right to reject any new company for which additional services are required by such company's operating procedures beyond those provided for companies already authorized. The following rules shall govern said annuity programs:
1. There shall be no solicitation of employees during working hours by the authorized agents.
2. The School District reserves the right to require a minimum total of five participants before establishing deductions for any new company. This provision may be invoked if the number of participating companies reaches thirty (30) and it is determined that the provision is necessary for efficiency of operation.
3. Agreements to permit initial participation in a tax deferred annuity program shall be made on the proper form to be provided by the Office of Payroll and Purchasing. Completed agreements will be submitted to the Secretary of the Board of Education by the authorized agents.
4. A minimum of $10 per paycheck shall be permitted for payroll deduction. All other amounts must be in multiples of $5.
5. Deductions shall be made from each regular bi-weekly payroll for 12-month employees. Ten-month employees shall have deductions made from each regular bi-weekly payroll except for during the summer months.
6. The employee is responsible for computing a legally allowable maximum deposit.
7. Employees transferring into the Madison Metropolitan School District who have been enrolled in a tax deferred program may be permitted to continue said program with the approval of the Secretary of the Board of Education subject to the provision noted in #2 above.
8. New enrollments are permitted anytime during the calendar year if the proper form is filed with the Secretary of the Board of Education. Forms must be received by the School District at least twenty (20) working days prior to a paydate in orde...
Tax Deferred Annuity Program. Adjunct faculty shall have the right to participate in the approved tax deferred savings program maintained by the College. The adjunct faculty member may request the payroll deduction of any voluntary employee contribution.
Tax Deferred Annuity Program. The School District shall provide a 403(b) supplemental retirement savings plan to all teachers working more than 20 hours per week, by payroll deduction, on a tax-deferred basis. The 403(b) plan shall set forth the investment vendors or providers that have been approved to offer tax-deferred investments under the School District’s 403(b) plan. All investment vendors and providers must meet the requirements for 403(b) plans under IRS Code provisions and regulations and any administrative requirements established by the School District. The teachers will be responsible for paying any fees associated with maintaining a 403(b) plan.
Tax Deferred Annuity Program. There shall be made available to all regular full-time employees, by payroll deductions, the Tax Deferred Annuity contracts issued by any company which has been approved to do business in the State of Illinois, except that no contact may be made with any employee during regular working hours, nor in school buildings or on school property, and provided further that no school facilities shall be used for the distribution of literature or materials, and that the administration be authorized to establish such administrative regulations as are deemed necessary for the efficient administration of this program.
Tax Deferred Annuity Program. Upon request of ASSISTANT SUPERINTENDENT, and when in compliance with applicable law and applicable benefits plans that may have been adopted by SCHOOL DISTRICT, SCHOOL DISTRICT may withhold and transfer to a tax- deferred annuity program any portion of the ASSISTANT SUPERINTENDENT's salary, with the amount, program, and timing of the transfer to be requested by the ASSISTANT SUPERINTENDENT. Nothing herein shall be construed as requiring SCHOOL DISTRICT to adopt any benefit plan not previously adopted or to change any terms or conditions of any benefit plans it may have.
Tax Deferred Annuity Program. The School District shall provide a 403(b) supplemental retirement savings plan to all teachers working more than 20 hours per week, by payroll deduction, on a tax-deferred basis. The 403(b) plan shall set forth the investment vendors or providers that have been approved to offer tax-deferred investments under the School District’s 403(b) plan. All investment vendors and providers must meet the requirements for 403(b) plans under IRS Code provisions and regulations and any administrative requirements established by the School District. Except as specifically allowed by the Superintendent as part of a School District employee group meeting or seminar, teachers shall not contact or meet with an agent of an investment vendor or provider for a supplemental retirement savings program during regular working hours, nor in school buildings, nor on school property. The School District administration shall establish such administrative regulations as are deemed necessary for the efficient administration of the School District’s 403(b) plan.
