Examples of Monthly Contribution in a sentence
The Monthly Contribution for participation may change annually, effective at the beginning of each Plan Year.
While an employee is on layoff status, medical and dental benefits will continue for the employee and their dependents for a minimum of 90 days or until the end of the month in which pay or pay continuation ceases, whichever is greater, provided the employee pays the Required Monthly Contribution.
In addition, Prudential will accept contributions in excess of Monthly Deductions and lump sum contributions, subject to a Maximum Monthly Contribution, as described below.Monthly Deductions: Each month, Prudential will make a Monthly Deduction from a person's fund.
The combined payments shall be deposited in accordance with the designated place appearing on the Employers Monthly Contribution Report Form.
Monthly Contribution Rates: The monthly contribution an employee is required to pay depends upon the insurance coverage in force when he/she ceased work and the kinds of insurance which can be continued.