Common use of TAX DEFERRED RETIREMENT SAVINGS PLAN Clause in Contracts

TAX DEFERRED RETIREMENT SAVINGS PLAN. A. Each employee shall have the option of investing the tax-deferred annuities up to the maximum allowable under federal law in a 403(8) vehicle, of which up to one hundred fifty dollars ($150) of the employee's salary shall be matched by the employer on a dollar for dollar basis. Teachers at the top of each salary schedule shall have five hundred fifty dollars ($550) contributed to the teacher's 403(8) account. Teachers shall deposit a minimum of ($550) in order to receive the Board's match. The employer shall deposit matching funds during the month of June for each employee into an account for the employee in an approved annuity company that will be decided upon by a committee made up of two (2) teachers, an administrator and a board member.

TAX DEFERRED RETIREMENT SAVINGS PLAN. A. Each employee shall have the option of investing the tax-deferred annuities up to the maximum allowable under federal law in a 403(8403(B) vehicle, of which up to one hundred fifty dollars ($150) of the employee's ’s salary shall be matched by the employer on a dollar for dollar basis. Teachers at the top of each salary schedule shall have five hundred fifty dollars ($550) contributed to the teacher's 403(8’s 403(B) account. Teachers shall deposit a minimum of ($550) in order to receive the Board's ’s match. The employer shall deposit matching funds during the month of June for each employee into an account for the employee in an approved annuity company that will be decided upon by a committee made up of two (2) teachers, an administrator and a board member.

TAX DEFERRED RETIREMENT SAVINGS PLAN. A. Each employee shall have the option of investing the tax-deferred annuities up to the maximum allowable under federal law in a 403(8403(B) vehicle, of which up to one hundred fifty dollars ($150) of the employee's salary shall be matched by the employer on a dollar for dollar basis. Teachers at the top of each salary schedule shall have five hundred fifty dollars ($550) contributed to the teacher's 403(8403(B) account. Teachers shall deposit a minimum of ($550) in order to receive the Board's match. The employer shall deposit matching funds during the month of June for each employee into an account for the employee in an approved annuity company that will be decided upon by a committee made up of two (2) teachers, an administrator and a board member.

TAX DEFERRED RETIREMENT SAVINGS PLAN. A. Each employee shall have the option of investing the tax-deferred annuities up to the maximum allowable under federal law in a 403(8403(b) vehicle, of which up to one hundred fifty dollars ($150) of the employee's salary shall be matched by the employer on a dollar for dollar basis. Teachers at the top of each salary schedule shall have five hundred fifty dollars ($550) contributed to the teacher's 403(8403(b) account. Teachers shall deposit a minimum of ($550) in order to receive the Board's match. The employer shall deposit matching funds during the month of June for each employee into an account for the employee in an approved annuity company that will be decided upon by a committee made up of two (2) teachers, an administrator and a board member.