Employer Contribution Cap Sample Clauses

Employer Contribution Cap. Employees hired into TESA positions before July 1, 2011. During the term of this Agreement, the District shall pay the annual maximum amount allowable by PA 152 toward the total cost of the medical and prescription premiums for the plans offered. The Board and Association agree to convene annually to review plan coverage offerings and employee premium contribution amounts consistent with PA 152. Employees hired into TESA positions on or after July 1, 2011. During the term of this Agreement, the District shall pay the annual maximum amount allowable by PA 152 toward the total cost of the medical and prescription premiums for single subscriber coverage for the plans offered. Employees hired after July 1, 2011, may purchase up to two-person or full family coverage at their expense. Any remaining health insurance premium costs will be paid by the employee via pre-tax contribution, as permitted by law. This employee pre-tax contribution, as permitted by law, will be deducted through payroll over 20 consecutive pays beginning with the 2nd pay date in September, unless otherwise mutually agreed by the parties.
Sample 1
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Employer Contribution Cap. Employees hired into TESA positions before July 1, 2011. The District will pay the actual cost of the eligible employee’s single, two-person (employee/spouse or employee/child), and full family coverage up to the state-required hard cap amounts for MESSA Choices II, ABC I, or ABC II for the 2015/2016 school year. Employees hired into TESA positions on or after July 1, 2011. The District will pay the actual cost of the eligible employee’s single coverage up to the state-required hard cap amounts for MESSA Choices II, ABC I, or ABC II for the 2015/2016 school year. Any remaining health insurance premium costs will be paid by the employee via pre-tax contribution, as permitted by law. This employee pre-tax contribution, as permitted by law, will be deducted through payroll over 20 consecutive pays beginning with the 2nd pay date in September, unless otherwise mutually agreed by the parties.
Sample 1

Related to Employer Contribution Cap

  • 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.

  • 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.

  • 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.

  • 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:

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • 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:

  • Excess Contributions An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

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