Maximum voluntary contribution definition

Maximum voluntary contribution means the total amount eligible under section 415 (c) of the internal revenue code to be contributed to the Wisconsin retirement system in a calendar year by or on behalf of a participating employee, less all benefit adjustment contributions and required and employer−paid addi- tional contributions which are includable in the limits of section 415 (c) of the internal revenue code, as determined by the depart- ment.
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Maximum voluntary contribution means the total amount eligible under section 415 (c) of the internal revenue code, as adjusted pursuant to section 415 (d) of the internal revenue code and the regulations promulgated pursuant to that section, to be contributed to the Wisconsin retirement system in a calendar year by or on behalf of a participating employee, less all required and employer−paid additional contributions which are includable in the limits of section 415 (c) of the internal revenue code, as deter- mined by the department.
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Examples of Maximum voluntary contribution in a sentence

  • ETF 10.01 (3i) is amended to read:(3i) "Maximum voluntary contribution" means the total amount eligible under section 415 (c) of the internal revenue code to be contributed to the Wisconsin retirement system in a calendar year by or on behalf of a participating employee, less all benefit adjustment contributions and required and employer-paid additional contributions which are includable in the limits of section 415 (c) of the internal revenue code, as determined by the department.

  • Health Savings Account- Wells Fargo BankMaximum Annual Contribution – Employer contribution = Maximum voluntary contribution by employee allowed per yearEE Only $ 3,350 – $1,250 = $2,100Family $ 6,750 – $2,100 = $4,650 Enter the amount of your voluntary semi-monthly contribution in the space below.

Related to Maximum voluntary contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • 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.

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

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

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