County Fire Matching Contribution Sample Clauses

County Fire Matching Contribution. ‌ Employees who have completed one (1) year of continuous service in a regular position shall be eligible for the benefits of this article. The biweekly contribution of employees who contribute to the County Fire’s Section 457 (b) Deferred Compensation Plan will be matched by a County Fire contribution on the basis of one-half times (½x) the employee’s contribution up to one-half percent (½%) of the employee’s biweekly base salary. For example, an employee who contributes $10.00 per pay period shall receive a County Fire contribution of $5.00 per pay period, provided that the $5.00 does not exceed one-half percent (½%) of the employee’s biweekly base salary. County Fire contributions to the Plan shall not be considered earnable compensation. DEFINITIONS‌ The following definitions apply to the terms used in throughout this Plan unless another definition is specified.
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County Fire Matching Contribution. ‌ Employees who are not eligible to receive Safety Retirement and who have completed five (5) years of continuous service in a regular position shall be eligible for the benefits of this section. Employees who are eligible to receive Safety Retirement are not eligible for the County Fire matching contribution. The bi-weekly contribution of employees who contribute to the County’s Section 457(b) Deferred Compensation Plan will be matched by a County Fire contribution on the basis of one-half times (1/2 x) the employee’s contribution up to one-half percent (1/2%) the employee’s bi-weekly base salary. For example, an employee who contributes $10.00 per pay period shall receive a County Fire contribution of $5.00 per pay period, provided that $5.00 does not exceed one-half percent (1/2%) of the employee’s bi-weekly base salary. County Fire contributions to the Plan shall not be considered earnable compensation. Effective October 21, 2023, employees who are not eligible to receive Safety Retirement and who have completed one (1) years of continuous service in a regular position shall be eligible for the benefits of this section. Employees who are eligible to receive Safety Retirement are not eligible for the County Fire matching contribution. The bi-weekly contribution of employees who contribute to the County’s Section 457(b) Deferred Compensation Plan will be matched by a County Fire contribution not to exceed one percent (1%) the employee’s biweekly base salary.
Sample 1Sample 2
County Fire Matching Contribution. Employees who have completed one (1) year of continuous service in a regular position shall be eligible for the benefits of this Article. The biweekly contribution of employees who contribute to County Fire’s Section 457(b) Deferred Compensation Plan will be matched by a County Fire contribution on the basis of one-half times (½x) the employee’s contribution up to one-half percent (½%) of the employee’s biweekly base salary. For example, an employee who contributes $10.00 per pay period shall receive a County Fire contribution of $5.00 per pay period, provided that the $5.00 does not exceed one-half percent (½%) of the employee’s biweekly base salary. County Fire contributions to the Plan shall not be considered earnable compensation. ALL UNITS DEFINITIONS The following definitions apply to the terms used in throughout this Plan unless another definition is specified. Appointing Authority. Refers to the department head of the employee’s department. It also includes any person who is designated as acting department head, employees acting for the department head during the absence of the department head, and/or employees delegated all authority to act on behalf of the appointing authority on a regular basis. Base Rate of Pay or Base Hourly Rate. The employee’s base hourly wage, excluding differentials and other pay above the base hourly wage (See Appendix B).
Sample 1
County Fire Matching Contribution. Effective 90 days after the effective date of the MOU, employees who are not eligible to receive Safety Retirement and who have completed five (5) years of continuous service in a regular position shall be eligible for the benefits of this section. Employees who are eligible to receive Safety Retirement are not eligible for the County Fire matching contribution. The bi-weekly contribution of employees who contribute to the County’s Section 457(b) Deferred Compensation Plan will be matched by a County Fire contribution on the basis of one-half times (1/2 x) the employee’s contribution up to one-half percent (1/2%) the employee’s bi- weekly base salary. For example, an employee who contributes $10.00 per pay period shall receive a County Fire contribution of $5.00 per pay period, provided that $5.00 does not exceed one-half percent (1/2%) of the employee’s bi-weekly base salary. County Fire contributions to the Plan shall not be considered earnable compensation. DEFINITIONS‌ Listed below are definitions of terms commonly used in this Agreement. Appointing Authority – Refers to the department head of the employee’s department (i.e., the County Fire Chief). It includes any person who is designated as acting department head, employees acting for the department head during absence, and/or employees delegated all authority to act on behalf of the Appointing Authority on a regular basis. Base Rate of Pay or Base Hourly Rate – The employee’s base hourly wage, excluding differentials and other pay above the base hourly wage (See Appendix C).
Sample 1

Related to County Fire Matching Contribution

  • 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.

  • 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.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • 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.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

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