Common use of FICA Contribution Clause in Contracts

FICA Contribution. ALPA will continue to assume the FICA contribution for each employee up to a maximum contribution of $4,925 per year for 2015. January 1, 2016 through April 30, 2019, the FICA cap will be increased annually by the same percentage as the percentage increase in the Social Security Wage Base from the previous year. Each employee will be reimbursed on a bi-weekly basis at the rate established by the IRS until the maximum reimbursement limit for a particular year is met.

Appears in 1 contract

Samples: Agreement

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FICA Contribution. ALPA will continue to assume the FICA contribution for each employee up to a maximum contribution of $4,925 4,550 per year for 2015. January 1, 2016 (annualized through April 30, 20192009), for the FICA cap will be increased annually by duration of the same percentage as the percentage increase in the Social Security Wage Base from the previous yearagreement. Each employee will be reimbursed on a bi-weekly basis at the rate established by the IRS until the maximum reimbursement limit for a particular year is met.

Appears in 1 contract

Samples: Agreement

FICA Contribution. ALPA will continue to assume the FICA contribution for each employee up to a maximum contribution of $4,925 4,550 per year for 2015. January 12011, 2016 $4,625 per year for 2012, and $4,700 per year for 2013, 2014 and 2015 (annualized through April September 30, 20192015), for the FICA cap will be increased annually by duration of the same percentage as the percentage increase in the Social Security Wage Base from the previous yearagreement . Each employee will be reimbursed on a bi-weekly biweekly basis at the rate established by the IRS until the maximum reimbursement limit for a particular year is metmet .

Appears in 1 contract

Samples: Agreement

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FICA Contribution. ALPA will continue to assume the FICA contribution for each employee up to a maximum contribution of $4,925 per year for 20152015 . January 1, 2016 through April 30, 2019, the FICA cap will be increased annually by the same percentage as the percentage increase in the Social Security Wage Base from the previous yearyear . Each employee will be reimbursed on a bi-weekly basis at the rate established by the IRS until the maximum reimbursement limit for a particular year is metmet .

Appears in 1 contract

Samples: Agreement

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