Employee required contribution definition

Employee required contribution means the contribution made by
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Employee required contribution means the contribu- tion made by an employee under s. 40.05 (1) (a) 1. to 4.
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Employee required contribution means the contribu- tion made by an employee under s. 40.05 (1) (a) 1. to 4. or for an employee under s. 40.05 (1) (b).
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Examples of Employee required contribution in a sentence

  • Employee required contribution rates to the ORP was 6.50% of covered salary for the year ended June 30, 2011.

  • Design Feature 5 - Employee required contribution rate of 3% on pensionable earnings above the social security wage base.Design considers global benefits objectives from part (b).

  • Employee required contribution rates to the ORP was 6.5% of covered salary for the year ended June 30, 2012.

  • Employee required contribution rates to the State ORP were 6.50% of covered salary for the years ended June 30, 2012, 2011, and 2010.

  • It is suggested by the Trustees of the Plan that, in order for a reasonable pension amount to accumulate, the Participating Employer give consideration that an Employee required contribution rate be set and have that rate match that of the Employer required rate.

  • I mention this because the same is likely true of the primacy of choice (and perhaps individualism more generally).


More Definitions of Employee required contribution

Employee required contribution means the contribution made by an employee under s. 40.05 (1)
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Related to Employee required contribution

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Qualifying contribution means, with respect to a

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.