District Contribution. For any District teacher who retires from the District and had elected the severance package over the district matching contribution, with twenty (20) years of teaching service, of which at least 15 years are in the District, the School District will contribute $16,000 to the Health Care Savings Plan with the Minnesota State Retirement System within three (3) months of the effective date of retirement. If the teacher dies prior to payment into their HCSP with the Minnesota State Retirement System, any or all payments not yet made cannot be directed to the HCSP and will be paid to the teacher’s beneficiaries or estate.
District Contribution means legally available money of the District, in
District Contribution means legally available money of the District, in addition to proceeds of any Series of Bonds, necessary or advisable to accomplish any Refunding Plan, as determined by the Designated Representative.
Examples of District Contribution in a sentence
If the School District Contribution exceeds the premium cost, no reimbursement will be made to the employee.
Pursuant to RCW 39.53.070, the Refunding Trustee is hereby appointed to serve as trustee to oversee the safekeeping and application of the Bond proceeds and the District Contribution, if any, delivered to it.
Such employees may also receive a District Contribution to his/her Health Savings Account (HSA) through the Bloomfield Hills Schools Flexible Benefits Plan.
All additional premium costs in excess of the Total District Contribution shall be paid by the employee through payroll deduction.
Half-time employees shall have the District Contribution paid in full.
More Definitions of District Contribution
District Contribution means the dollar amount required to be deposited into OSERS by the District to fund member benefits.
District Contribution. For health insurance coverage, the District will contribute $1,773.43 tenthly. Should an employee select coverage for dependents in excess of District contribution, a payroll deduction will be required for the difference.
District Contribution. The district shall match annually up to 1% of the base salary to either the Minnesota DCP or an appropriate 403(b) annuity on a dollar for dollar basis. The district's matching amount is not considered as reportable salary on the W-2 or for high five retirement.
District Contribution means the 0.033% sales and use tax and Convention Center admissions and parking taxes, if any, levied and collected by or on behalf of the District pursuant to RCW 82.14.390.
District Contribution. As of July 1, 2017, the School District will match up to the amount of $2350.00 dollars for each fiscal years in the Minnesota DCP
District Contribution. For those hired prior to July 1, 1983, the maximum annual district contribution shall be based on 2% of the salary from schedule A.
District Contribution. Teachers who are .75 FTE or more per school year shall receive 100% of the District contribution set forth in Section 2 above. Teachers who are contracted for less than .75 FTE per school year shall not receive a District contribution and are eligible for participation in the group insurance benefits at the teacher’s own expense subject to the terms of the insurance carrier.