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, 2025, the School Board shall provide an equal match to an eligible employee’s contributions to a maximum of sixteen-hundred dollars ($1,600.00) 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.
Appears in 2 contracts
Sources: Collective Bargaining Agreement, Collective Bargaining Agreement