Premium Payment / Tax Consequences Sample Clauses

Premium Payment / Tax Consequences. The value of the Domestic Partner coverage is considered additional compensation to the member. Therefore the value of that additional coverage is subject to federal and state taxes as well as all other payroll deductions. CalSTRS / CalPERS will not be withheld from, or credited to, this additional amount. The member is responsible for covering the cost of the premium of the Domestic Partner and the Domestic Partner’s child(ren) and/or stepchild(ren). If covering the Domestic Partner and the Domestic Partner’s child(ren) and/or stepchild(ren) increases the premium, the difference will be paid from the member’s wages as an after-tax payroll deduction. If the addition of the Domestic Partner and the Domestic Partner’s child(ren) and/or stepchild(ren) does not increase the current premium, then the value of the health coverage for the Domestic Partner and the Domestic Partner’s child(ren) and/or stepchild(ren) will be reported as taxable income to the member. If the difference between the increase in the three-tier rate structure is less than the value of the health coverage for the Domestic Partner, the increased amount will be an after-tax payroll deduction and the difference will be included in the member’s includible income. The includible income will be reported on the member’s W-2.
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Premium Payment / Tax Consequences. The value of the Domestic Partner coverage is considered additional compensation to the employee. Therefore the value of that additional coverage is subject to federal and state taxes as well as all other payroll deductions. STRS / PERS will not be withheld from or credited to this additional amount. The employee is responsible for covering the cost of the premium of the Domestic Partner and the Domestic Partner’s child(ren). If covering the Domestic Partner and the Domestic Partner’s child(ren) increases the premium, the difference will be paid from the employee’s wages as an after‑tax payroll deduction. If the addition of the Domestic Partner and the Domestic Partner’s child(ren) does not increase the current premium, then the value of the health coverage for the Domestic Partner and the Domestic Partner’s child(ren) will be reported as taxable income to the employee. If the difference between the increase in the three‑tier rate structure is less than the value of the health coverage for the Domestic Partner, the increased amount will be an after‑tax payroll deduction and the difference will be included in the employee’s includible income. The includible income will be reported on the employee’s W‑2. APPENDIX E: Declaration of Eligibility for Automatic Payroll Deduction I, , have worked four complete, consecutive semesters as a credit adjunct instructor at Santa Xxxxxxx City College including the current semester. The consecutive semesters are (fill in years): Fall Spring Summer Fall Spring Summer I declare under penalty of perjury under the laws of the State of California that I am a resident of County, am over the age of eighteen and that the above statements are true and correct. Employee’s Name Print Employee’s Name Date SALARY SCHEDULES TABLE 9 - Effective 1/1/08 Counselors, Librarians, & Non-Instruction Step Rate with PHD 01 39.76 41.68 02 41.19 43.11 03 42.62 44.54 04 44.05 45.97 05 45.48 47.40 06 46.91 48.83 07 48.33 50.25 08 49.76 51.68 09 51.19 53.11 TABLE 10 - Effective 1/1/08 Contract Instructors Step CLASS I CLASS II CLASS III CLASS IV CLASS V 1 53,668 55,668 57,668 59,668 61,668 2 55,668 57,668 59,668 61,668 63,668 3 57,668 59,668 61,668 63,668 65,668 4 59,668 61,668 63,668 65,668 67,668 5 61,668 63,668 65,668 67,668 69,668 6 63,668 65,668 67,668 69,668 71,668 7 65,668 67,668 69,668 71,668 73,668 8 67,668 69,668 71,668 73,668 75,668 9 69,668 71,668 73,668 75,668 77,668 10 71,668 73,668 75,668 77,668 79,668 11 73,668 75,668 77,668 79,668 81,...
Premium Payment / Tax Consequences. The value of the Domestic Partner coverage is considered additional compensation to the employee. Therefore the value of that additional coverage is subject to federal and state taxes as well as all other payroll deductions. STRS / PERS will not be withheld from or credited to this additional amount. The employee is responsible for covering the cost of the premium of the Domestic Partner and the Domestic Partner’s child(ren). If covering the Domestic Partner and the Domestic Partner’s child(ren) increases the premium, the difference will be paid from the employee’s wages as an after-tax payroll deduction. If the addition of the Domestic Partner and the Domestic Partner’s child(ren) does not increase the current premium, then the value of the health coverage for the Domestic Partner and the Domestic Partner’s child(ren) will be reported as taxable income to the employee. If the difference between the increase in the three-tier rate structure is less than the value of the health coverage for the Domestic Partner, the increased amount will be an after-tax payroll deduction and the difference will be included in the employee’s includible income. The includible income will be reported on the employee’s W-2. Appendix E IMPLEMENTATION OF THE XXXXX CLASSIFICATION STUDY The Xxxxx Classification study will be implemented for management/supervisory employees as follows:
Premium Payment / Tax Consequences. The value of the Domestic Partner coverage is considered additional compensation to the employee. Therefore the value of that additional coverage is subject to federal and state taxes as well as all other payroll deductions. STRS / PERS will not be withheld from or credited to this additional amount. The employee is responsible for covering the cost of the premium of the Domestic Partner and the Domestic Partner’s child(ren). If covering the Domestic Partner and the Domestic Partner’s child(ren) increases the premium, the difference will be paid from the employee’s wages as an after-tax payroll deduction. If the addition of the Domestic Partner and the Domestic Partner’s child(ren) does not increase the current premium, then the value of the health coverage for the Domestic Partner and the Domestic Partner’s child(ren) will be reported as taxable income to the employee. If the difference between the increase in the three-tier rate structure is less than the value of the health coverage for the Domestic Partner, the increased amount will be an after-tax payroll deduction and the difference will be included in the employee’s includible income. The includible income will be reported on the employee’s W-2. APPENDIX E: Declaration of Eligibility for Automatic Payroll Deduction I, , have worked four complete, consecutive semesters as a credit adjunct instructor at Santa Xxxxxxx City College including the current semester. The consecutive semesters are (indicate each semester and year): SPRING SUMMER FALL WINTER I declare under penalty of perjury under the laws of the State of California that I am a resident of County, am over the age of eighteen and that the above statements are true and correct. Employee’s Name Print Employee’s Name Date SALARY SCHEDULES Table 9: Non‐teaching Adjunct 35 Hrs/Week & w eeks/yr = 35 Non‐Teaching Rates (NTR) Salary Table 9 effective fall 2013 semester PT Hourly Couns elors, Librarians and Non‐instruction Schedule 10 Cl ass II Steps (1‐9) *(7/8)/1225 hours 5% of Class 1Step 1 With PhD 1.96 Non‐Teaching Rates (NTR) Step Rate/Hr FTE Rate/Hr FTE 01 40.69 49,845.25 42.65 52,246.25 02 42.12 51,597.00 44.08 53,998.00 03 43.55 53,348.75 45.51 55,749.75 04 44.98 55,100.50 46.94 57,501.50 05 46.41 56,852.25 48.37 59,253.25 06 47.83 58,591.75 49.79 60,992.75 07 49.26 60,343.50 51.22 62,744.50 08 50.69 62,095.25 52.65 64,496.25 09 52.12 63,847.00 54.08 66,248.00 Step CLASS I CLASS II CLASS III CLASS IV CLASS V 1 54,968 56,968 58,968 60,968 62,9...

Related to Premium Payment / Tax Consequences

  • Tax Unless specified otherwise in the Proclamation of sale, if the sale of this property is subjected to Tax, such Tax will be payable and borne by the Purchaser.

  • Income Tax During each taxation year, the participating employee's income tax liability shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency. Similarly, the withholding tax deducted at source by the College shall be in accordance with the Income Tax Act and directives from Canada Revenue Agency.

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