Benefits Fund definition
Examples of Benefits Fund in a sentence
The percentage of Valuation Payroll payable to the Base Benefits Fund by the City.
The Qualified Member Contribution Rate is two percent (2%) and shall be payable to the Base Benefits Fund.
The Base Benefits Fund shall exclude the Enhanced Benefits Account and the City Budget Stabilization Account.
The funds shall include the Base Benefits Fund, the Enhanced Benefits Account, and the City Budget Stabilization Account.
The percentage of payroll payable to the Base Benefits Fund by the Member.
The employee and employer premium sharing contributions shall be made monthly to the Health Benefits Fund.
All employees covered by this Agreement shall be eligible to participate in the Palm Beach County Firefighters’ Employee Benefits Fund (“Union Plan”).
Until such time as the BVHP Representative Entity is formed and independently operating, expenditures from the Community Benefits Fund shall be determined by the Agency Director following consultation with the CAC and the PAC as applicable.
Any amounts not used in a year shall carry forward to future years of the Project or, at the option of the Agency, be paid into the Community Benefits Fund.
If Participant is not utilizing the County’s payroll system, Participant will also have to perform audits of Employee premiums for Employee elected benefits and is not entitled to any surplus or reserve in the Medical Benefits Fund nor responsible for funding any deficits.