Common use of Tax-Deferred Annuity Clause in Contracts

Tax-Deferred Annuity. The College shall make available to all full-time faculty, a salary reduction plan with any current or future approved carriers. Contributions, when made, shall be transmitted with each payroll to the appropriate carrier in accordance with the Internal Revenue Code of 1954 as amended, and the regulations thereunder. As additional carriers are approved, notification will be sent to the Faculty Forum President.

Appears in 7 contracts

Samples: Termination of Agreement, Termination of Agreement, www.schoolcraft.edu

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