Pick-up Contributions definition
Pick-up Contributions means Employee Contributions that are treated as employer contributions for determining tax treatment under Code Section 414(h)(2).
Pick-up Contributions means Participant contributions made by the Employer on behalf of the Participant pursuant to Section 414(h) of the Internal Revenue Code. Pick Up Contributions shall not under any circumstances be paid to the Participant or be directed by the Participant for any purpose except as Pick Up Contributions to this Plan. The Employer may make Pick Up Contributions through a reduction in salary, an offset against future salary increases, or a combination of the two.
Pick-up Contributions means Employee Contributions that are treated as employer contributions for determining tax treatment under Code Section 414(h)(2). Pick-up Contributions include payments from Employees on leave of absence due to disability or former Employees who have terminated due to disability and are receiving a salary continuation benefit through a plan made available by the State of Washington.
More Definitions of Pick-up Contributions
Pick-up Contributions means the Town’s contributions to the Plan which are made pursuant to Section 3.2.