Teacher Retirement Fund 401(a) Retirement Account Employer contributes 1.5% of salary RETIREMENT Benefits Certified Teaching Staff Corporation contributes 10.1% of salary Medical costs after retirement Employer contributes 1.5% of salary VEBA 403(b) Tax Deferred Annuity Employer math 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 disability
Jay School Corporation Benefits Plan Overview Page 25 Page 27