Question

Who may enter into written agreement, within 90 days of school opening, to purchase or make payments to an individual or group annuity contract, custodial account or investment authorized under 403b of the internal revenue code for such employee?

A school committee
B superintendent
C treasurer
D trustee of a vocational school

Answer 1

Option A, school committee

Step-by-step explanation:

On a negotiated day, within ninety days of the beginning of a school year, an acquire or pay for a person or group rental contract, a custodial account and any other transaction allowed pursuant to subsection 403(b) of the Internal Revenue Code may be entered in a written agreement with any of its employees to buy or make payments to such an individual or group rent contract.

Custodian or other investment account and any year's including compensation for the employee exceeds the current salary schedule or classification plan for that employee for the total annual salary or compensation for that year. The terms'' including compensation'' as used in this section have the same meaning, as provided for in that section,403(b), and the word "primes" includes contributions paid to such or other custodial account.