Common use of Tax Sheltered Annuities And Other Tax Deferred Compensation Plans Clause in Contracts

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 Grants Pass School District No. 0 0000-0000 Classified Agreement 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. 2. The current list of Section 403(b) plan vendors is set out in Appendix C-1. This vendor list may change during the life of this contract due to the requirements of applicable Federal or State law governing such accounts. In addition, the District may elect to drop any vendors which have no contributing employees. The parties will review and mutually agree to any proposed changes to the District's Section 403(b) or other deferred compensation plan, however, notwithstanding this provision, any changes required by Federal or state law will be made in a timely manner in accordance with such provisions. The District will notify the Southern Oregon Bargaining Council in writing within one month of the effective date of such changes.

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 Grants Pass School District No. 0 0000-0000 Classified Agreement 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. 2. The current list of Section 403(b) plan vendors is set out in Appendix C-1. This vendor list may change during the life of this contract due to the requirements of applicable Federal or State law governing such accounts. In addition, the District may elect to drop any vendors which have no contributing employees. The parties will review and mutually agree to any proposed changes to the District's Section 403(b) or other deferred compensation plan, however, notwithstanding this provision, any changes required by Federal or state law will be made in a timely manner in accordance with such provisions. The District will notify the Southern Oregon Bargaining Council in writing within one month of the effective date of such changes.

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 Grants Pass School District No. 0 0000-0000 Classified Agreement 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. 2. The current list of Section 403(b) plan vendors is set out in Appendix C-1. This vendor list may change during the life of this contract due to the requirements of applicable Federal or State law governing such accounts. In addition, the District may elect to drop any vendors which have no contributing employees. The parties will review and mutually agree to any proposed changes to the District's Section 403(b) or other deferred compensation plan, however, notwithstanding this provision, any changes required by Federal or state law will be made in a timely manner in accordance with such provisions. The District will notify the Grants Pass School District No. 0 0000-0000 Classified Agreement Southern Oregon Bargaining Council in writing within one month of the effective date of such changes.

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 Grants Pass School District No. 0 0000-0000 Classified Agreement 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. 2. The current list of Section 403(b) plan vendors is set out in Appendix C-1. This vendor list may change during the life of this contract due to the requirements of applicable Federal or State law governing such accounts. In addition, the District may elect to drop any vendors which have no contributing employees. The parties will review and mutually agree to any proposed changes to the District's Section 403(b) or other deferred compensation plan, Grants Pass School District No. 0 0000-0000 Classified Agreement however, notwithstanding this provision, any changes required by Federal or state law will be made in a timely manner in accordance with such provisions. The District will notify the Southern Oregon Bargaining Council in writing within one month of the effective date of such changes.