Contributions to the Active Employees’ Plans Sample Clauses

Contributions to the Active Employees’ Plans. The Employer will make an annual contribution to individual accounts under the health reimbursement arrangement or Health Savings Account for qualifying bargaining unit members in accordance with the following schedule: $3,450.00 for each qualified employee who elects single coverage under the plans described in 24.4b. $5,700.00 for each qualified employee who elects employee+spouse or employee+child(ren) coverage under the plans described in 24.4b. $6,900.00 for each qualified employee who elects family coverage under the plans described in 24.4b. The contributions will be made on a quarterly basis over the VEBA/HSA Plan year. If a qualified bargaining unit member enters the VEBA/HSA Plan as a participant on a date after the first day of the VEBA/HSA Plan year, the Employer shall prorate the amount of the Employer Contribution to reflect the late entry. All contributions on behalf of a VEBA/HSA Plan participant shall cease on the date the participant is no longer covered under the high deductible health plan in 24.4b below.
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Related to Contributions to the Active Employees’ Plans

  • 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.

  • Active Employees Active Employees who have not terminated service during the Plan Year and who meet the following requirements (select all that apply; leave blank if no exclusions):

  • 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.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

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