Allocation Formulas. The Employer Pension Contributions shall be allocated pursuant to the following formula (check one): [_] Compensation Formula Employer Pension Contributions shall be allocated based on each eligible Participant's total Compensation for the Plan Year.
Allocation Formulas. The Employer Profit Sharing Contributions (and) forfeitures) shall be allocated to the accounts of eligible Participants pursuant to the following formula (elect one):
(1) [_] Compensation Formula Employer Profit Sharing Contributions (and forfeitures) shall be allocated based on each eligible Participant's total Compensation for the Plan Year.
Allocation Formulas i.1.a.i.1. Allocated Utilities (i.e., water, sewer, trash, hot water) are billed on a “100% Occupancy” formula, or one of the alternative methods below. After deducting the CAD, Billing Provider divides the utility charges being allocated, by the total of all authorized occupants at the Property. Billing Provider calculates Resident’s share by multiplying the result of this calculation, by the occupancy factor based upon the total number of authorized occupants in the Premises. The occupancy factors are provided in the below table:
Allocation Formulas. The funding formula in the Tobacco Settlement Act allocated 92 percent of yearly MSA payments to designated programs and the balance to the measure’s endowment account supporting the commonwealth’s future health care needs. However, in nine of the budgets since 2001/02, the General Assembly modified the act’s funding provisions so tobacco funds could be redirected to other health-related programs. These modifications were accomplished via amendments to the Fiscal Code as part of the annual budget process. (See Appendix A for a list of the modifications made to the Act 77 funding formula.) Xxxxxx X. Xxx, Executive Director Xxxx Xxxxxxx, Assistant Executive Director Xxxx Xxxxx, Communications Director In 2013, the General Assembly enacted legislation (Act 71 of 2013) to repeal the funding provisions in the Tobacco Settlement Act and established new allocation percentages, beginning in 2013/14, with Section 1713-A.1 of the Fiscal Code. The table below compares allocation percentages initially established in Act 77 for tobacco-funded programs with the replacement percentages established by Act 71. Home and community-based services 13% 13% Tobacco use prevention and cessation programs 12% 4.50% CURE - Broad-based health research 18% 12.6% CURE - Cancer research 1% 1% Hospital uncompensated care payments 10% 8.18% Health insurance for adults * Medical Assistance for Workers with Disabilities 30% 30% PACENET expansion 8% 8% Health Endowment Account 8% - Other health-related purposes - 22.72% Act 71 of 2013 made several significant changes to the original funding formula in Act 77: It eliminated the annual allocation to the Health Endowment Account (which was depleted in 2011 as part of the Fiscal Code changes in Act 46 of 2010) and the adultBasic program (terminated by Xxxxxxx in 2011). It also added a new allocation to be separately appropriated for health-related purposes. The funding redirects from previous budgets to primarily offset General Fund costs for Medical Assistance long-term care and, to a much lesser extent, for continued funding that supports the life sciences greenhouses established in Act 77. Act 71 of 2013 also required all other payments and revenues received by the commonwealth (other than the annual MSA payment) to remain in the Tobacco Settlement Fund so they can be appropriated for health-related purposes. Examples of “other payments” include strategic contribution payments and any tobacco payments released from the disputed payments a...
Allocation Formulas
