Unit Member Contributions Sample Clauses

Unit Member Contributions. (Maximum per unit member) a. Health Care Flexible Spending Program -- Total contribution allowed by the IRS. b. Dependent Care Program -- Total contribution allowed by the IRS. c. Any contributions that remain in the Funding Pool as of December 31 will remain in that Pool. In other words, if the unit member does not use the total amount of their contribution, they will not be entitled to the remaining dollar amount.
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Unit Member Contributions. 12.2.1 Once each calendar year during a window period consisting of the month of March 1989 and the month of January in subsequent calendar years, an eligible bargaining unit member may, at his/her option, contribute in no smaller than one half (1/2) hour increments up to eight (8) hours of accrued time (excluding sick leave) to the Association Release Time Bank. To be eligible to contribute, an employee shall, after making a contribution, have no less than forty (40) hours of accrual remaining. 12.2.2 The Association shall generate, distribute and collect authorization forms approved by the County Auditor-Controller and the Employee Relations Officer, to secure employee authorization for contributions to the DSA Release Time Bank. These signed authorization forms shall be submitted to the Auditor- Controller by the Association together with an alphabetical listing of contributors showing name, employee number and amount of accrued time contributed by each contributor.
Unit Member Contributions. 1. Except for new unit members to the District, all current unit members shall receive written notice of medical plan benefit designs, coverages and rates, as soon as possible but no later than 30 calendar days prior to the plan(s) year or the effective date of any plan design or coverage change. 2. Rate changes, if any, shall be implemented as described above in C.4. and shall be identified in writing to unit members, during open enrollment but no later than 30 calendar days prior to implementation and consistent with the provisions of D.1. above. 3. Unit members shall not make contributions toward dental and vision coverages. Unit members shall not make contributions toward medical coverage unless their voluntary selection of a medical plan requires an annual premium cost greater than the District’s contribution, in any given year, as specified above. 4. Unit members having to make payments toward medical plan premium costs shall make such payments tenthly, through payroll deduction and have such payments automatically sheltered through the District’s IRC 125 plan. 5. Payment of premiums shall be based upon the difference between the required annual District contribution, as specified in section C.1. and 2. above, and the annual premium cost of the plan and coverage selected by the unit member. 6. The plan contribution percentage rates shall be based on the previous year’s enrollment. The percentage rates shall equal the total cost of the plan plus or minus one-half of one percent. The rate(s) shall factor in the actual enrollment from the previous year for any negative or positive adjustments. 7. All employees hired on or after July 1, 2006 shall be provided early retirement benefits as follows: YEARS OF SERVICE HEALTH BENEFIT CONTRIBUTION Minimum of fifteen (15) years of service The District shall contribute fifty percent (50%) to a maximum of nineteen (19) years of of the maximum health benefit contribution service rate established by the collective bargaining agreement for each year from age 55 through Medicare eligibility. Minimum of twenty (20) years of service The District shall contribute seventy-five 55 through Medicare eligibility. Minimum of twenty-five (25) years of The District shall contribute one hundred percent (100%) of the maximum health benefit contribution (Minimum 10 years of service required if hired prior to July 1, 2006) rate established by the collective bargaining agreement for each year from age 55 through Medicare eligibility....
Unit Member Contributions. 1. Unit Members Hired Prior to June 14, 2016: Unit members will contribute 15% of the annual premiums for the RASHP 2 Value Plan and the District will contribute 85%. 2. Unit Members Hired on or After June 14, 2016: Unit members will contribute 20%, and the District will contribute 80% of the annual premium for the RASHP 2 Value Plan until the unit member has completed four years of service with the District. After completing four years of District service, the unit member will contribute 15% and the District will contribute 85% of the annual premium for the RASHP 2 Value Plan.
Unit Member Contributions. 21.2.1 During the month of January, an eligible bargaining unit member may, at his/her option, contribute in no smaller than one half (1/2) hour increments up to eight (8) hours of accrued time (excluding sick leave) to the Association Release Time Bank. To be eligible to contribute, an employee shall, after making a contribution, have no less than forty (40) hours of accrual remaining. 21.2.2 The Association shall generate, distribute and collect authorization forms approved by the County Auditor-Controller and the Employee Relations Officer, to secure employee authorization for contributions to the “DSA Release Time Bank”. These signed authorization forms shall be submitted to the Auditor-Controller by the Association together with an alphabetical listing of contributors

Related to Unit Member Contributions

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • 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. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • 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.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • 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.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

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