Common use of Ongoing Contributions Clause in Contracts

Ongoing Contributions. The Board will contribute an amount equal to two and four tenths percent (2.4%) of a teacher’s salary schedule salary into an individual VEBA account for the teacher. To be fully vested in this ongoing contribution, the teacher must complete his or her fifth (5th) year of employment with the Washington Community Schools. Teachers employed by the Washington Community Schools on June 1, 2004, will receive credit for their Washington Community Schools years of service as of June 1, 2004.

Ongoing Contributions. The Board will contribute an amount equal to two and four tenths percent (2.4%) of a teacher’s salary schedule salary into an individual VEBA account for the teacher. To be fully vested in this ongoing contribution, the teacher must complete his or her fifth (5th) year of employment with the Washington Community Schoolsschools. Teachers employed by the Washington Community Schools on June 1, 2004, will receive credit for their Washington Community Schools years of School service as of June 1, 2004.