State contribution definition

State contribution means the lesser of:

State contribution means payments to be made to GRS and PFRS by the State or the State's authorized agent for the purpose of funding Adjusted Pension Amounts in an aggregate amount equal to the net present value of $350 million payable over 20 years using a discount rate of 6.75%, pursuant to the terms of the State Contribution Agreement.

State contribution means the lesser of two million dollars or an amount equal to excess state excise taxes received by the state during the preceding calendar year.

Examples of State contribution in a sentence

• Employees shall continue to receive the full State contribution to health and dental plans as provided in Article 11 of this Agreement.

• The Company makes payments on behalf of their employees at the Romanian State pension scheme, health fund and unemployment fund in the normal course of business.All members and employees of the Company are also legally obliged to contribute (through social contributions) to the Romanian State pension scheme (a defined State contribution scheme).

• The state will pay 95% of the monthly benefit premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows: Full time premium rate x .95 x the ratio of paid regular hours to full-time hours to the nearest full percent = State contribution In addition, the state will pay up to an additional monthly subsidy for employee's monthly premium rate for employees with salary rates $2,696 and below a month.

• In the prepara- tion and development of such plan, the Bureau shall make maximum use of data, planning stud- ies and other technical resources and assistance available from State and local entities: Provided, That contributions of such technical resources and assistance may be counted as part of the in- kind services or other State contribution, but shall otherwise be provided without compensa- tion to the State or local entity.

• The Lead Beneficiary and each Beneficiary shall take the financial responsibility for the EU contribution and, if relevant, the related State contribution it has received for its project part.

More Definitions of State contribution

State contribution means that portion of the total premium appropriated by law.

State contribution means periodic payments to be made by the State for the benefit of Holders of Pension Claims in an aggregate nominal amount of $350 million over the 20-year period immediately following the Effective Date pursuant to the terms of the State Contribution Agreement.

State contribution has the meaning given in clause 10 of the ILUAs;

State contribution means the lesser of one million dollars or an amount equal to:

State contribution means a contribution to which section 60 applies.

State contribution means the financial resources for the Project (other than the Funding), which the State is obliged to require LMW to provide to the Project under this Project Schedule;

State contribution. MEANS THE AMOUNT CONTRIBUTED BY THE STATE TO PAY PART OF THE PREMIUM FOR A QUALIFYING GROUP BENEFIT PLAN IN WHICH A STATE EMPLOYEE IS ENROLLED.