RETIREMENT Teacher Retirement Fund Corporation contributes 10.1% of salary 401A (Retirement account) Employer contributes 1.5% of salary VEBA (Medical costs after retirement) Employer contributes 1.5% of salary 403(b) Tax Deferred Annuity Employer match up to 1.5% of salary Optional Must be 100% vested to receive the 401A and VEBA contributions At least age 55 and 6 years of teaching with Jay School Corporation (Retirement) Upon death or permanent disability
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