Common use of 403(b) Program Clause in Contracts

403(b) Program. 4.15.1 Employees hired as of July 1, 2019 who are off probation may participate in a 403(b) plan with the District matching contributions in the employer’s name at $15 per month. 4.15.2 The plan will operate within the parameters of Section 403(b) of the Internal Revenue Code. The IRS rules and regulations governing 403(b) contributions will supersede any contractual obligations of the parties.

403(b) Program. 4.15.1 Employees hired as of July 1, 2019 2021 who are off probation may participate in a 403(b) plan with the District matching contributions in the employer’s name at $15 per month. 4.15.2 The plan will operate within the parameters of Section 403(b) of the Internal Revenue Code. The IRS rules and regulations governing 403(b) contributions will supersede any contractual obligations of the parties.