Tax Sheltered Annuities. The SPS shall continue to comply with the law(s) regarding Tax Sheltered Annuities.
Tax Sheltered Annuities. The College will deduct from the compensation of any Employee and remit to a designated investment organization the amount authorized by an Employee for investment in a qualified tax sheltered annuity plan, if:
Tax Sheltered Annuities. Faculty members may participate in tax sheltered annuity plans from the District’s approved list of vendors. The District will provide payroll deduction for this purpose.
Tax Sheltered Annuities. When requested by the employee, payroll deductions for tax sheltered annuities participation and/or deferred compensation will be provided by the Board. The handling of said deductions will be at no cost to the employee.
Tax Sheltered Annuities. The Employer shall continue to provide for the purchase of tax-sheltered annuities by unit members pursuant to the provisions of General Laws, Chapter 15, Section 18A, or Chapter 15A.
Tax Sheltered Annuities. Teachers will be eligible to participate in a tax sheltered annuity plan pursuant to United States Public Law No. 87-370, M.S. 123.35, Subd. 12, and school district policy.
Tax Sheltered Annuities. A. The BOARD agrees to make tax sheltered annuities available to teacher.
Tax Sheltered Annuities. The Employer agrees that, pursuant to Internal Revenue Code (IRC) Section 403 (b), and subject to the restrictions and limitations outlined below, a member may enter into a salary reduction agreement pursuant to which the member will agree to have a reduction in the member’s salary and the Employer will forward the amount equal to the reduction in the member’s salary to an annuity contract or custodial account that is qualified under IRC Section 403 (b) (a “tax sheltered annuity” or “TSA”). The following restrictions and limitations apply with respect to such matters:
Tax Sheltered Annuities. (A) The BOARD agrees to make available to employees a tax sheltered annuity program. The BOARD reserves the right to establish a certain number of IRS acceptable companies from which to choose. Further, the BOARD reserves the right to establish reasonable rules and procedures for the administration of a tax sheltered annuity program and to require that employees execute an agreement holding the BOARD harmless for any liability for said investments.
Tax Sheltered Annuities. The District shall make automatic payroll deduction authorization available to employees for District-approved, tax-sheltered annuity plans. All existing tax-sheltered annuity programs in the District may continue for those employees currently participating. Any new tax-sheltered programs for employees shall be mutually approved by the District and the Association. Such newly approved tax-sheltered programs must have at least an initial enrollment of five (5) employees.
