Matching Plan. All full-time employees who have completed at least two (2) years of full-time continuous service to the School District are eligible to participate in a Tax Sheltered Annuity (TSA) or 403B matching plan. Subd. 1. As of January 1, 2021, the School Board shall provide an equal match to an eligible employee’s contributions to a maximum of one thousand dollars ($1,000.00) annually. The School Board’s contribution to such a plan shall not exceed fifteen thousand dollars ($15,000) over a period of twenty (20) years for any employee. As of January 1, 2022, the School Board shall provide an equal match to an eligible employee’s contribution to a maximum of eleven hundred dollars ($1,100.00) annually.
Appears in 3 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement