ARTICLE 14:00 - REGISTERED RETIREMENT SAVINGS PLAN PAYROLL DEDUCTION
Teachers:
The Board shall deduct monthly and in equal amounts, contributions towards a registered retirement savings plan. The teachers' plan shall be optional and administered by one carrier. Taxation receipts, (if required), application forms and the investment of contributions will be the responsibility of the carrier. Remittances will be forwarded to the carrier within 15 days following deductions.
Deduction for the plan shall commence only in January and September of each year.