Sentences with phrase «defer part of their salary»
The policy — approved by the two districts for next fall — allows teachers to defer part of their salary for several years to finance a planned leave of absence, with the guarantee of a job when they return.
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The county already has conceded they must pay deputies $ 3.2 million in salary that they deferred as part of the Levy agreement.
School districts faced with declining enrollments could avoid layoffs by using a popular Canadian program that allows teachers to defer part of their annual salaries to fund a year off with pay.
An employer - sponsored retirement savings plan through which employees divert part of their salary to a tax - deferred investment account.
In this case, it's the employer that holds back a part of your salary (tax - deferred) and places it into a fund that you'll receive when you retire.