Teacher Benefit Fund Sample Clauses

Teacher Benefit Fund. 1. The Board shall pay into the Mount Pleasant Teachers’ Benefit Fund the following sum per employee for each school year indicated: School Year Sum 2023-2024 $1,733 2024-2025 $1,768 2025-2026 $1,803 The parties herewith acknowledge that a one-time contribution of $20,515 had been previously made to the fund on or before June 30, 2019. The MPTA herewith acknowledges that there are no additional monies to be paid by the District to the MPTA in connection with the Benefit Fund other than the monies specifically set forth in this Agreement. The MPTA herewith waives all claim(s) regarding payment of additional monies for the Benefit Fund that may have arisen and/or accrued prior to the execution of said Memorandum of Agreement. The Board shall be required to make payment for each active unit member employed by the District as of December 1 of each year with appropriate adjustments made on March 1, and August 1, for additions and/or reductions to staff. Moreover, the Board shall be required to make payment for retired employees subject to paragraph (2) below. The first installment shall be payable each August 1, and shall be equal to forty-five percent (45%) of the District’s total per capita contribution for the previous fiscal year. The second installment shall be payable each December 1st and shall be equal to the total per capita contribution the Board is obligated to make for each year less the amount the Board contributed the first half of each year.
Sample 1
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Teacher Benefit Fund. 1. The Board shall pay into the Mount Pleasant Teachers’ Benefit Fund the following sum per employee for each school year indicated: School Year Sum 2012-13 $1,540 2013-14 $1,540 2014-15 $1,615 2015-16 $1,640 2016-17 $1,665 The Board shall be required to make payment for each active unit member employed by the District as of December 1 of each year with appropriate adjustments made on March 1, and August 1, for additions and/or reductions to staff. Moreover, the Board shall be required to make payment for retired employees subject to paragraph (2) below. The first installment shall be payable each August 1, and shall be equal to forty-five percent (45%) of the District’s total per capita contribution for the previous fiscal year. The second installment shall be payable each December 1st and shall be equal to the total per capita contribution the Board is obligated to make for each year less the amount the Board contributed the first half of each year. The District shall pay $60,000.00 into the Benefit Fund on a one-time basis on or before June 9, 2014.
Sample 1

Related to Teacher Benefit Fund

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • Same Sex Benefit Coverage An employee who co-habits with a person of the same sex, and who promotes such person as a "spouse" (partner), and who has done so for a period of not less than twelve (12) months, will be eligible to have the person covered as a spouse for purposes of Medical, Extended Health, and Dental benefits.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

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