Tax-Sheltered Annuity Programs. The following provisions shall apply:
Tax-Sheltered Annuity Programs. The District shall maintain the tax-sheltered annuity program in place on January 1,
Tax-Sheltered Annuity Programs. The Library will continue to make available to employees through payroll deductions options for tax-sheltered annuity programs.
Tax-Sheltered Annuity Programs. The Board shall make available, through payroll deduction, tax- sheltered annuity programs to all teachers in the District. The choices of such programs shall be not fewer than those authorized by the Board as of July 1, 1971, and the teacher may apply to the Board for authorization of any such program not currently authorized.
Tax-Sheltered Annuity Programs. The District shall maintain the tax-sheltered annuity program in place on January 1, 2001. The District shall provide copies of the program to faculty members upon request. The minimum contribution shall be two hundred dollars ($200.00) per year for faculty members entering tax- sheltered programs. The District shall not withhold federal and state income taxes on that part of the current salary invested in the tax shelter. Each faculty member shall be allowed to make one (1) or more agreements each year up to the limit allowed by law. Any agreement shall be terminated upon the request of the faculty member.
Tax-Sheltered Annuity Programs. The Board of Education shall make available several tax sheltered annuity programs through the payroll deduction plan at no cost to the Board.
Tax-Sheltered Annuity Programs. (TSA) The District shall make programs available to employees for the purchase of tax-sheltered annuities. The District does not endorse any particular vendor. The District will enter into a deferred compensation contract when five (5) or more employees request the District to enter into a contract with a company of the employees' choice authorized to do business in the State of Washington through a Washington-licensed insurance agent. Upon receipt of the employee’s properly executed Salary Reduction Agreement to participate in such a program, the District shall deduct the cost for purchasing the TSA from such employee’s salary.
Tax-Sheltered Annuity Programs. 27 Employees may participate in the authorized 403 (b) tax-sheltered annuity programs, authorized 28 deferred compensation programs approved by the Board and authorized 529 college savings 29 plans. A plan may be changed or stopped at any time by completing the District’s Salary 30 Reduction Agreement and forwarding the form to the Payroll Office. The District will service 31 these programs through automatic payroll authorization. A plan may be stopped at any time 32 upon written notification to the Finance Office and the insurance carrier.
Tax-Sheltered Annuity Programs. The District will maintain a tax-sheltered annuity program that conforms to all the requirements of applicable law; Teacher Aides and/or participating annuity companies shall be solely responsible for payment of all plan administration costs. All annuity companies must follow federal rules and regulations regarding tax- sheltered annuities. The Union president shall be notified of any Third-party tax- sheltered annuity management company selected company selected by the Board to administer the tax-sheltered annuity program.
Tax-Sheltered Annuity Programs. 1. Unit members shall have the right to enter into a tax sheltered annuity program. Each annuity participant shall be required to sign an agreement with the District authorizing the District to reduce his/her salary warrant and to submit the deducted amount directly to any Insurance Company or Mutual Fund who is legally authorized to receive funds under section 403 (b), 7 of the Internal Revenue Service.
2. Each employee who desires to enter into a tax sheltered annuity shall execute an acknowledgment of disclaimer of responsibility that any annuity, the amount of any premium, or of any and all procedures followed by the District qualify as a tax sheltered annuity for federal and/or state income tax purposes.
3. The Superintendent or his/her designee is authorized to execute such amendments to employment contracts as may be necessary to carry out tax sheltered annuity programs.
