Section 457 Plan. Effective July 1, 2003 teachers retiring or terminating employment with compensation due in connection with unused personal leave, sick leave or other separation payments will be paid in the form of deferred compensation through a defined 401(A) special pay plan with a third party administrator. Employees are immediately 100% vested in all contributions to the plan.
Appears in 3 contracts
Sources: Comprehensive Agreement, Comprehensive Agreement, Comprehensive Agreement