Teachers’ Retirement. The Center Board will pay seven and three quarter’s percent (7.75%) of the licensed staff’s portion of the North Dakota Teacher's Retirement. The licensed staff will pay (4%) of the licensed staff’s members share.
Appears in 3 contracts
Samples: Master Contract Negotiated Agreement, Master Contract Negotiated Agreement, Master Contract Negotiated Agreement
Teachers’ Retirement. The Center Board will pay seven and three quarter’s percent (7.75%) of the licensed certified staff’s portion of the North Dakota Teacher's Retirement. The licensed staff will pay Center Board, according to 15-39, 1-09 (4%2) N.D.C.C., 414 (h) (2) of the licensed staff’s members shareInternal Revenue Code, Revenue Rulings 81-35 and 81-36 of the Internal Revenue Service and Social Security Administration rulings, will shelter the teacher's share of the Teacher's Fund for Retirement - to be treated as an annuity.
Appears in 1 contract
Samples: Two Year Negotiated Agreement
Teachers’ Retirement. The Center Board will pay seven and three quarter’s percent (7.75%) of the licensed certified staff’s portion of the North Dakota Teacher's Retirement. The licensed staff will pay Center Board, according to 15-39, 1-09 (4%2) N.D.C.C., 414 (h) (2) of the licensed staff’s members shareInternal Revenue Code, Revenue Rulings 81-35 and 81- 36 of the Internal Revenue Service and Social Security Administration rulings, will shelter the teacher's share of the Teacher's Fund for Retirement - to be treated as an annuity.
Appears in 1 contract
Samples: Two Year Negotiated Agreement
