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

  • 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.

  • 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.

Related to Maximum voluntary contribution

  • 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.

  • 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.

  • Accumulated contributions means the sum of all

  • 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.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.