Tax-Deferred Savings Plans. The District will make an employer matching payment to the tax-deferred savings plans. The District payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 403(b)
Tax-Deferred Savings Plans. The Board will sponsor 403(b) and 457(b) plans to be available to all eligible teachers of School District 68. To participate in the plans, teachers must complete a salary reduction agreement provided by the plan administrator and must select a 403(b) or 457(b) investment provider recognized by the plan.
Tax-Deferred Savings Plans. Employees shall be eligible to participate in a tax deferred savings plan on an optional basis as established pursuant to Minnesota Statute 123B.02, Subd. 15, subject to limitations provided for in School Board Policy.
Tax-Deferred Savings Plans. (Deferred Compensation):
Tax-Deferred Savings Plans. 16.8.1 The District will make an employer matching payment to the tax-deferred savings plans. The District payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 (403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457) are subject to Social Security and Medicare taxes. All employee contributions to the 403(b) plan are subject to Social Security and Medicare taxes, but employer contributions to the 403(b) plan are not subject to Social Security and Medicare taxes. Employees should ensure tax-deferred payments do not exceed IRS limits. If limits are exceeded, the District will stop deductions to these accounts.
Tax-Deferred Savings Plans. The district will make an employer matching payment to the tax-deferred savings plans. The District payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 (403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457) are subject to social security and Medicare taxes. All employee contributions to the 403(b) plan are subject to Social Security and Medicare, but employer contributions to the 403(b) plan are not subject to Social Security and Medicare.
1.) EMPLOYER CONTRIBUTIONS: • 403(B) employer contributions are in addition to your limit • 457 employer contributions are included in your limit For detailed current information concerning deferral limits, see the Internal Revenue Service (IRS) website (xxx.xxx.xxx). For current information about maximum shelter amounts, additional contributions, catch-up limits, and other details concerning 457 or 403(b) plans, contact the plan representative or website.
Tax-Deferred Savings Plans. 16.8.1 The District will make an employer matching payment to the tax-deferred savings plans. The District payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 (403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457) are subject to Social Security and Medicare taxes. All employee contributions to the 403(b) plan are subject to Social Security and Medicare taxes, but employer contributions to the 403(b) plan are not subject to Social Security and Medicare taxes. Employees should ensure tax-deferred payments do not exceed IRS limits. If limits are exceeded, the District will stop deductions to these accounts.
16.8.2 Employer Contributions: 457 employer contributions are included in your limit. For detailed current information concerning deferral limits, see the Internal Revenue Service (IRS) website (xxx.xxx.xxx). For current information about maximum shelter amounts, additional contributions, catch-up limits, and other details concerning 457 or 403(b) plans, contact the plan representative or website.
Tax-Deferred Savings Plans. The District will make an employer matching payment to the tax-deferred savings plans, subject to the provisions in this article. The District Payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457), are subject to FICA, or social security taxes. All employee contributions to the 403(b) plan are subject to FICA, but employer contributions to the 403(b) plan are not subject to FICA. Employer Contributions/Employee Deferrals:
Tax-Deferred Savings Plans. 16.8.1 The District will make an employer matching payment to the tax-deferred savings plans. The District payment will be made to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 (403(b) Plan. All employer and employee amounts paid to the State of Minnesota Deferred Compensation Plan (457) are subject to Social Security and Medicare taxes. All employee contributions to the 403(b) plan are subject to Social Security and Medicare taxes, but employer contributions to the 403(b) plan are not subject to Social Security and Medicare taxes. Employees should ensure tax-deferred payments do not exceed IRS limits. If limits are exceeded, the District will stop deductions to these accounts.
16.8.2 Employer Contributions: • 403(b) employer contributions are in addition to your limit. • 457 employer contributions are included in your limit. For detailed current information concerning deferral limits, see the Internal Revenue Service (IRS) website (xxx.xxx.xxx). For current information about maximum shelter amounts, additional contributions, catch-up limits, and other details concerning 457 or 403(b) plans, contact the plan representative or website.
Tax-Deferred Savings Plans. District Annual Matching Payment: The District will make an employer matching payment to the State of Minnesota Deferred Compensation Plan (457) and/or the Special School District No. 1 403(b)
