FICA. The present value of the future Retirement Severance Pay Benefits and Early Retirement Program Plan benefits will be reduced by the Social Security and Medicare taxes (FICA) that would have been payable if the Severance Benefits and Retirement Bridge had been paid directly to the employee.
Appears in 19 contracts
Samples: Collective Bargaining Agreement, Contractual Agreement, Contractual Agreement
FICA. The present value of the future Retirement Severance Pay Benefits and Early Retirement Program Plan benefits contained in the Prior Agreement will be reduced by the Social Security and Medicare taxes (FICA) that would have been payable if the Retirement Severance Benefits and Retirement Bridge contained in the Prior Agreement had been paid directly to the employee.
Appears in 2 contracts
Samples: Teachers Contract Agreement, Teachers Contract Agreement
FICA. The present value of the future Retirement Severance Pay Benefits retirement severance and Early Retirement Program Plan early retirement benefits contained in the Prior Agreement will be reduced by the Social Security and Medicare taxes (FICA) that would have been payable if the Severance Benefits and Retirement Bridge retirement severance benefits contained in the Prior Agreement had been paid directly to the employee.
Appears in 1 contract
Samples: Master Contract
