Employer Pension Contributions definition

Employer Pension Contributions means the contributions made by the Employer pursuant to Section 4.2 hereof if elected in item 6 of the Adoption Agreement (Pension Plan).
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Employer Pension Contributions means contributions paid by an employer under a registered pension scheme in respect of an individual;
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Employer Pension Contributions means: in respect of CSPS Eligible Employees those costs identified within the CSPS Admission Agreement as:- employer contributions for the Partnership Pension Account the accruing superannuation liability charge ASCL, being the employer contributions for all other parts of the CSPS or flat charges applicable to the Partnership Pension Account of the CSPS Admission Agreement but does not include any other costs or charges relating to benefits under or participation in the CSPS in respect of LGPS Eligible Employees, those sums attributable to the following which are defined in the Relevant Staff Transfer Schedule: the Employer Contribution Rate and the Ill-Health Allowance (such Ill-Health Allowance can only be recovered at the rate in force at the Call-Off Commencement Date) but does not include any other costs or charges relating to benefits under or participation in the LGPS, or any element of Pension Related Discretionary Actions as defined in Part D Pensions, Annex D2: LGPS of the Relevant Staff Transfer Schedule in respect of employees eligible to participate in the LGPS other than LGPS Eligible Employees, those sums notified to the Supplier as part of the Call-off Competition where in accordance with the Relevant Staff Transfer Schedule Part D Pensions, Paragraph 11, a broadly comparable pension scheme is established, in respect of Fair Deal Employees eligible to participate in such a scheme, employer pension contributions only; no amount in respect of either setting up such a schemes payroll costs or the Shortfall is recoverable in respect of Pension Protected Employees, those sums payable under the Relevant Staff Transfer Schedule Part D Pensions, Paragraph 12 (pension provisions for employees who are not Fair Deal Employees) in respect of a Transferring Former Supplier Employee who is neither a Fair Deal Employee nor a Pension Protected Employee, those employer pension contributions payable at the Call-Off Commencement Date arising from: a contractual term of the relevant contract of employment or obligations under Part 1 of the Pensions Act 2008, the terms of which satisfy the conditions in section 258 of the Pensions Act 2004 and the Transfer of Employer (Pension Protection) Regulations 2005 (where applicable) and in respect of an employee other than a Transferring Former Supplier Employee, those employer pension contributions payable at the Call-Off Effective Date arising from: a contractual term of the relevant contract of employment or obliga...
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Examples of Employer Pension Contributions in a sentence

  • All of a Participant's Years of Service with the Employer shall be counted to determine the nonforfeitable percentage of his Employer Profit Sharing Contributions Account and/or his Employer Pension Contributions Account except those Years of Service excluded under item 7 of the Adoption Agreement.

  • Employer Pension Contributions and Employer Profit Sharing Contributions must be made no later than the due date, including extensions thereof, for filing the Employer's Federal income tax return for the year coincident with or within which the Plan Year ends (or such later time as authorized by Treasury Regulations).

  • These include the annual charge for the Minimum Revenue Provision (MRP), the actual value of Employer Pension Contributions and Capital Expenditure funded direct from Revenue Budgets.

  • This will increase the Employer Pension Contributions for the Council.

  • The Employer Pension Contributions shall be allocated pursuant to the following formula (check one): [_] Compensation Formula Employer Pension Contributions shall be allocated based on each eligible Participant's total Compensation for the Plan Year.

  • Employer Pension Contributions – Pension contributions are fully funded by the Company and are made to certain eligible salaried and non-union hourly employees of Meritor regardless of whether they choose to contribute to the Plan (“Pension Contributions”).

  • In order to comply with the Employment Control Framework post 2011 project participants Employer Pension Contributions are charged at 20% and participants must be able to demonstrate that they are paid into a pension control account.

  • Assets attributable to Employer Discretionary Contributions, Employer Pension Contributions, Participant 401(k) Contributions, Catch-Up Contributions, Employer Discretionary Matching Contributions and Rollover Contributions are invested by each Participant.

  • Employer Pension Contributions and Employer Profit Sharing Contributions must be made no later than the due date, including 13 extensions thereof, for filing the Employer's Federal income tax return for the year coincident with or within which the Plan Year ends (or such later time as authorized by Treasury Regulations).

  • The main elements of the payroll system are: Staff appointments/variations Terminations Employer Pension Contributions (Superannuation) National insurance and tax deductions Payroll administration Payments5.2Staff Appointments The Trust Board approves the establishment for the Trust by virtue of approving the Annual Budget Plan.

Related to Employer Pension Contributions

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Accumulated contributions means the sum of all

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Regular contributions means the amounts required to be

  • Multi-employer Plan means a multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding five plan years made or accrued an obligation to make contributions.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Member contributions means all amounts paid to ASRS by a member.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.