Retirement Salary Reduction Agreement Sample Contracts

RETIREMENT SALARY REDUCTION AGREEMENT/CHANGE FORM FULL TIME FACULTY
Retirement Salary Reduction Agreement • June 21st, 2018

Regular employees with full-time equivalency factors of three-fourths (3/4) or more, who have reached age thirty (30) prior to the beginning of the fiscal year (July 1) shall be required to participate in the retirement plan with a minimum contribution of two (2) percent of base salary and a maximum of eight and one half (8.5) percent of base salary. The College will contribute a sum equal to the participant’s contribution as a percentage of base salary.

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RETIREMENT SALARY REDUCTION AGREEMENT/CHANGE FORM FULL TIME NON-FACULTY
Retirement Salary Reduction Agreement • June 21st, 2018

Regular employees with full-time equivalency factors of three-fourths (3/4) or more, who have reached age thirty (30) prior to the beginning of the fiscal year (July 1) shall be required to participate in the retirement plan with a minimum contribution of two (2) percent of base salary and a maximum of nine (9) percent of base salary. The College will

RETIREMENT SALARY REDUCTION AGREEMENT
Retirement Salary Reduction Agreement • December 17th, 2019

This agreement shall be completed and signed to establish or modify a Tax-Deferred Annuity under Section 403(b) of the Internal Revenue Code. The employee must complete this form in accordance with the statutory exclusion allowance under IRC Section 403(b), the limitations of IRC Section 415, or the limitations of IRC Section 402(g), whichever is the least. The employee is encouraged to have his/her personal retirement situation reviewed to assure they do not exceed the contributions as dictated by the above tax codes.

AUGSBURG UNIVERSITY RETIREMENT SALARY REDUCTION AGREEMENT
Retirement Salary Reduction Agreement • December 11th, 2019

This agreement shall be completed and signed to establish or modify a Tax Deferred Annuity under Section 403(b) of the Internal Revenue Code. The employee must complete this form in accordance with the statutory exclusion allowance under IRC Section 403(b), the limitations of IRC Section 415, or the limitations of IRC Section 402(g), whichever is the least. The employee is encouraged to have his/her personal retirement situation reviewed to assure they do not exceed the contributions as dictated by the above tax codes.

RETIREMENT SALARY REDUCTION AGREEMENT (Bargaining Unit)
Retirement Salary Reduction Agreement • March 3rd, 2014
RETIREMENT SALARY REDUCTION AGREEMENT (Staff)
Retirement Salary Reduction Agreement • March 3rd, 2014
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