Rate of contribution definition

Rate of contribution means the effective annual rate of
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Rate of contribution means the hourly credit of the amount irrevocably made by an employer to a fund, plan or program pursuant to division (E)(2) of section 4115.03 of the Revised Code.
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Rate of contribution means the effective annual rate of usual benefit contributions for all hours, public and private, worked during the year by an employee (commonly referred to as "annualization" of benefits). The only exemp- tion to the annualization requirements is for defined contribu- tion pension plans that have immediate participation and vesting. [2019 c 242 § 2; 1989 c 12 § 6; 1985 c 15 § 1; 1965 ex.s. c 133 § 1; 1945 c 63 § 3; Rem. Supp. 1945 § 10322-22.]
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Examples of Rate of contribution in a sentence

  • Rate of contribution is 9.0 per cent of wage after deducting social insurance contributions.

  • Rate of contribution to the scheme: Both the employee and the employer are mandated to contribute to the Scheme.

  • Effective date of contribution Rate of contribution from employees (per month)Rate of contribution from employers (per month)Total Contribution (per month)January-2002Re. 01/-Rs. 02/-Rs. 03/-April - 2007Rs. 05/-Rs. 10/-Rs. 15/-April - 2012Rs. 10/-Rs. 20/-Rs. 30/- April - 2019Rs. 0.2% of salary of employee or wages or any remuneration subject to a limit of Rs. 25/-.

  • Rate of contribution is8.75 per cent of wage after deducting social insurance contributions.

  • The individual employers do not contribute at the Common Rate of contribution.

  • Do you agree?[3+2+2+2+3 = 12] Answer: (i) Rate of contribution to PF is 10% of pay, which may be increased upto 12% of pay by the Central Government by issuing a Notification in the Official Gazzette; an employee may opt to contribute at a higher percentage than 10% / 12%, as the case may be.

  • Rate of contribution is 7,5% of wage after deducting social insurance contributions and health insurance is deducted from the taxes.

  • The rate of contribution to the Central Holiday Fund varies according to the length of annual leave to which the employed person is entitled, as shown in the following Table:Table 3.1 Rate of contribution to the Central Holiday Fund for employees with a 5-day/6-day working week The rate of contributions for leave longer than 40 days for 5-days working week and 48 days for 6-days working week are increased accordingly.The contribution to the Central Holiday Fund is payable wholly by the employer.

  • Rate of contribution shall vary for different activities as well as communities.

  • Subpart B—Interpretation of the Fringe Benefits Provisions of the Davis-Bacon Act § 5.20 Scope and significance of this subpart.§ 5.21 [Reserved]§ 5.22 Effect of the Davis-Bacon fringe benefits provisions.§ 5.23 The statutory provisions.§ 5.24 The basic hourly rate of pay.§ 5.25 Rate of contribution or cost for fringe benefits.§ 5.26 “* * * contribution irrevocably made * * * to a trustee or to a third person”.§ 5.27 “* * * fund, plan, or program”.


More Definitions of Rate of contribution

Rate of contribution means the effective annual rate of usual benefit contributions for all hours, public and private, worked during the year by an employee (commonly referred to as "annualization" of benefits). The only exemption to the annualization requirements is for defined contribution pension plans that have immediate participation and vesting.
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Rate of contribution means up to 10% of the Participant’s Salary, as elected by the Participant on the Participant’s filing of Enrolment Instructions;
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Rate of contribution means the effective annual rate of usual benefit contributions for all hours, public and private, worked during the year by an employee (commonly referred to as “annualization” of benefits). The only exemption to the
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Rate of contribution means in relation to a Member at any date the percentage rate determined pursuant to the relevant provisions of clause D.5.3 then being used to determine the contributions paid to the Fund by the Member. D.5.3 Contribution by Members.
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Related to Rate of contribution

  • Contribution Rate means, in a reserve study as described in RCW 64.34.380, the amount contributed to the reserve account so that the association will have cash reserves to pay major maintenance, repair, or replacement costs without the need of a special assessment.

  • Basic Rate of Pay means the incremental step in the Salaries Schedule applicable to an Employee in accordance with the terms of this Collective Agreement, exclusive of all premium payments.

  • Matching Contribution means an employer contribution made to this or any other defined contribution plan on behalf of a participant on account of an Employee Contribution made by such participant, or on account of a participant's Elective Deferral, under a plan maintained by the employer.

  • Base rate of pay means the rate of pay payable to the Employee for their Ordinary Hours of work, but not including any of the following: a) loadings; b) monetary allowances; c) overtime; and d) penalty rates.

  • 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.