Supplemental Retirement Account Contributions Sample Clauses

Supplemental Retirement Account Contributions. Pursuant to M.S. Sections 354C.12 and 356.24, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and six hundred dollars ($1,600) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR) fund. Beginning on July 1, 2008, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and seven hundred dollars ($1,700) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR)
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Supplemental Retirement Account Contributions. Pursuant to Minnesota Statute Sections 354C.11, 354C.12 and 356.24, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and seven hundred dollars ($1,700) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR)
Sample 1Sample 2Sample 3
Supplemental Retirement Account Contributions. Pursuant to M.S. Sections 354C.12 and 356.24, the Employer shall deduct for eligible supervisors an amount equal to five percent (5%) of the annual salary for each eligible supervisor after the first six thousand dollars ($6,000) in a fiscal year, up to a maximum of one thousand and four hundred dollars ($1,400) to be paid into the supervisor’s supplemental retirement account of the Defined Contribution Retirement (DCR)
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Related to Supplemental Retirement Account Contributions

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Contributions to Individual Account Programs As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the State under this Section 2 shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.

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