Tax Sheltered Programs Sample Clauses
The 'Tax Sheltered Programs' clause defines the rules and provisions governing participation in programs that offer tax advantages, such as retirement savings plans or deferred compensation arrangements. Typically, this clause outlines eligibility criteria, contribution limits, and the types of programs covered, such as 401(k) or 403(b) plans. Its core function is to ensure that both parties understand the terms under which tax benefits can be obtained, thereby promoting compliance with tax laws and maximizing available tax savings.
Tax Sheltered Programs. 21.2.1 District shall provide for participation by unit members, tax-sheltered annuities and tax-sheltered custodial accounts with carriers fulfilling all state and federal requirement eligibility. It is the member's sole responsibility to assure such carrier eligibility. Part-time faculty shall be allowed to contribute a dollar amount or percentage of their wages to a 403 (b) plan. All faculty members shall be allowed to change 403(b) contributions on a quarterly basis.
21.2.2 The District shall provide for full-time employees, an IRS Section 125 plan, with Pension Dynamics as the program administrator, to cover medical and dependent care expenses. Part-time employees may utilize the IRS Section 125 plan for health plan premium payments.
Tax Sheltered Programs. 9.17.3.1 Faculty members may participate in a 403 (b) program of their choice, providing the company will sign the District's Hold Harmless Agreement.
9.17.3.2 Faculty members may participate in a 457 plan.
Tax Sheltered Programs. The District shall make programs available to employees for the purchase of tax-sheltered annuities. The District does not endorse any particular vendor. Upon receipt of the employee’s properly executed application to participate in such a program, the District shall deduct the cost for purchasing them from such employee’s wages.
Tax Sheltered Programs. The District will provide, as permitted by the Internal Revenue Code, 403(b)3, 403(b)7, and 457(b) plans, or such other such options as may from time to time become available to provide tax – sheltered savings options for Central Administrators as necessary to comply with IRS provisions. The District shall match monthly savings deposited into a tax-sheltered program up to 100.00 per month.
Tax Sheltered Programs. 13.4.1 The Board will identify the companies authorized to sell programs to teachers so long as they qualify and operate under the adopted policies and procedures.
13.4.2 Any amendment to employee contracts for annuity purposes shall be made in the period from August 18 through March 31 of any given year.
Tax Sheltered Programs. Employees may participate in any tax sheltered program of their choice that is consistent with the District payroll and provider requirements. The Board will provide payroll deduction for this purpose upon authorization by the unit member.
Tax Sheltered Programs. The District shall make programs available to employees for the purchase of tax-sheltered annuities or participation in WA Department of Retirement Systems’ Deferred Compensation Plan. The District does not endorse any particular vendor. Upon the employee enrolling in such a program via the district’s third-party administrator, the District shall deduct the cost for purchasing/participating from such employee’s wages.
Tax Sheltered Programs a) The District will provide through the major medical carrier for the District a tax sheltered program in which certified teachers can exempt health insurance costs (2 party or family coverage). This section covers major medical insurance through the District carrier only.
b) The District will allow employees to participate in a tax sheltered plan through an outside carrier through which certified teachers may contribute up to the maximum portion of their salaries allowed by law. At least 12 teachers must participate in the plan, and the Carrier and Employee shall hold harmless and indemnify the District against any possible financial loss. The employee will pay administrative costs imposed by outside carrier, if any. All certificated instructional employees must receive an evaluation in which at least sixty-seven percent (67%) of the evaluation results are based on Professional Practice. All measures included within the Professional Practice portion of the evaluation must be aligned to the ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Framework for Teaching Second Edition. The measures included within the Professional Practice portion of the evaluation shall include a minimum of two (2) documented observations annually, with at least one (1) observations being completed by January 1 of each year. The final evaluation will be completed by June 1st of each year. In situations where certificated personnel are unavailable for two (2) documented classroom observations due to situations such as long-term illness, late year hire, etc., one (1) documented classroom observation is acceptable. Upon completion of a formal observation by an administrator, the administrator will provide written feedback to the teacher within five (5) school days, and complete a personal conference with the teacher within ten (10) school days following the observation.