CONTRIBUTIONS FOR PENSION Sample Clauses

CONTRIBUTIONS FOR PENSION. (a) Effective January 1, 2011, the Employers contribution to the Pension Plan will be seventy-five cents (75¢) for each hour of employment performed by an employee covered by the Agreement. (b) Effective January 1, 2012, the Employers contribution to the Pension Plan will be eighty-one cents (81¢) for each hour of employment performed by an employee covered by the Agreement. (c) Effective January 1, 2013, the Employers contribution to the Pension Plan will be eighty-seven cents (87¢) for each hour of employment performed by an employee covered by the Agreement. (d) Effective July 1, 2013, the Employers contribution to the Pension Plan will be ninety-two cents (92¢) for each hour of employment performed by an employee covered by the Agreement. (e) Effective January 1, 2014, the Employers contribution to the Pension Plan will be one dollar and two cents ($1.02) for each hour of employment performed by an employee covered by the Agreement.
Sample 1
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CONTRIBUTIONS FOR PENSION. DESCRIPTION JUNE 1, 2006 FEBRUARY 1, 2008 JUNE 1, 2008 JUNE 1, 2009
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CONTRIBUTIONS FOR PENSION. (a) Effective January 24, 2008, the Employers contribution to the Pension Plan will be fifty-nine cents (59¢) for each hour of employment performed by an employee covered by the Agreement. (b) Effective July 1, 2008, the Employers contribution to the Pension Plan will be sixty-four cents (64¢) for each hour of employment performed by an employee covered by the Agreement. (c) Effective July 1, 2009, the Employers contribution to the Pension Plan will be sixty-nine cents (69¢) for each hour of employment performed by an employee covered by the Agreement.
Sample 1
CONTRIBUTIONS FOR PENSION. Effective October the Employers contri- bution to the Pension Plan will be fifty-seven cents for each hour of employment performed by an employee covered by the Agreement. Effective the Employers contribu- tion to the Pension will be sixty-three cents for each hour of employment performed by an employee covered by the Agreement. Effective the Employers contribu- tion to the Pension will be sixty-nine cents for each hour of employment performed by an employee covered by the Agreement.
Sample 1

Related to CONTRIBUTIONS FOR PENSION

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • Other Contributions In this Agreement, Other Contributions means the financial or in-kind contributions other than the Grant set out in the following table: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

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