Tax Sheltered Annuities And Other Tax Deferred Compensation Plans. 1. The District will establish and maintain a tax sheltered annuity plan (otherwise known as a "Section 403(b) plan") for the benefit of District employees and in accordance with applicable Federal and state law. The District may also institute other qualified tax deferred compensation plans for the benefit of employees. Such other plans will be reviewed with the Association prior to implementation through the Labor Relations Committee Mechanism described in Article 20.
