Employer Contribution definition
Examples of Employer Contribution in a sentence
For employees who are enrolled in the Premera Blue Cross (High Deductible) Plans, the Employer Contribution to the Health Savings Account (HSA) for the Employee Only Tier shall be the difference between the premium for Employee Only coverage and the Employer maximum contribution.
For employees who are enrolled in the PEBB CDHP (High Deductible) Plans, the Employer Contribution to the Health Savings Account (HSA) for the Employee Only Tier shall be the difference between the premium for Employee Only coverage and the Employer maximum contribution.
For purposes of calculating overtime compensation, the Employer shall first restore the amount of the Employer Contribution $2.40 then apply the applicable 1.5 wage multiplier required under the Fair Labor Standards Act (FLSA) and the Collective Bargaining Agreement, then pay the resulting amount for overtime worked.
The Employer and employee will contribute toward dental insurance premiums as follows: Tier Employer Contribution % Employee contribution % Employee Only (single) 50% 50% Employee + Spouse 50% 50% Employee + Child(ren) 50% 50% Family 55% 45% Employer contributions are prorated for part-time employees.
For purposes of determining future wage rates, the Employer shall first restore the amount of the Employer Contribution, which is currently the CPF contribution rate of $2.403.00 per hour, then apply the applicable wage multiplier, then reduce the revised wage by the Central Pension Fund contribution rate.