Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 5.03 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed 60% of Compensation for that period.
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: I elect to defer receipt of the portion of my compensation indicated below and to have that portion contributed into the 403(b) Plan each pay period (complete one box): a flat dollar amount equal to $ of my compensation contributed pre-tax or $ of my compensation contributed after-tax (Xxxx election), or % of my compensation contributed pre-tax or % of my compensation contributed after-tax (Xxxx election).
Regular Contributions. NEW EMPLOYEES and OPT-OUT EMPLOYEES Employees who are hired after the date of ratification of this Agreement by both parties ("new employees") and those current employees who have elected to irrevocably opt out of (waive) the City's obligation to pay health insurance premiums for them upon retirement, as was provided for in prior agreements, shall be entitled to retiree health insurance by means of their participation of the RHSP but shall not be eligible for City-paid health insurance premiums upon retirement as provided by Section 17.4. For each such new employee and opt-out employee, the City shall contribute on or about the first payroll date in January ("the contribution date") during each year of this Agreement remaining after the date of ratification of the Agreement by both parties, or upon the successful conclusion of an employee's probationary period, if later, $1,000 plus .25 percent (one-quarter of one percent) of annual salary as of the contribution date to the employee's Retiree Health Savings Plan account maintained by ICMA-RC.
Regular Contributions. NEW AND OPT-OUT EMPLOYEES. Employees who are hired after November 25, 2009 shall be entitled to retiree medical coverage by means of their participation in the RHSP. For each such new employee and opt-out employee, the City shall contribute on or about the first payroll date in January (“the contribution date”) during each year of this Agreement, or upon the successful conclusion of an employee’s probationary period, if later, $1,000 plus .25 percent (one-quarter of one percent) of annual salary as of the contribution date.
Regular Contributions. NEW AND OPT-OUT EMPLOYEES. Employees who are hired after November 25, 2009 (“new employees”) and those current employees who elect irrevocably to opt out of (waive) the City’s obligation to pay medical coverage premiums for them upon retirement, as provided in Section 18.4 (“opt-out employees”), shall be entitled to retiree medical coverage by means of their participation in the RHSP but shall not be eligible for City-paid premiums upon retirement as provided by Section
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: I elect to defer receipt of the portion of my compensation indicated below and to have that portion contributed into the 403(b) Plan (complete one): an amount equal to $ per year at a flat rate of $ per pay period; or an amount based on % of compensation per pay period. I elect to discontinue the deferral of my compensation into the 403(b) Plan. I understand that I may reconsider my decision for any future pay date by timely completing and returning a new Agreement to the Payroll Office or its designee.
Regular Contributions. The trustee will accept additional cash contributions for the tax year made by the account owner or on behalf of the account owner (by an employer, family member, or any other person). No contributions will be accepted by the trustee for any account owner that exceeds the maximum amount for family coverage plus the catch-up contribution.
Regular Contributions. The custodian will accept cash contributions for the tax year made by the account owner or on behalf of the account owner (by an employer, family member, or any other person). The custodian will not knowingly accept annual cash contributions for an HSA in excess of the annual maximum contribution for family coverage set by the IRS (plus one “catch-up” contribution if the account owner is age 55 or older). However, it is not the custodian’s responsibility to determine whether the amount of any contribution is permissible or exceeds the account owner’s maximum contribution or is otherwise deductible under applicable provisions of the tax code. The custodian will accept contributions made by check or electronically through direct deposit. If a contribution sent elec- tronically to an account owner’s HSA would cause the annual maximum contribution to be exceeded, the entire deposit will be returned to the originating depository institution. The return will be initiated using the R23 (Credit Entry Refused by Receiver) return reason code, which is described in the ACH Rules guide published by the National Automated Clearing House Associa- tion. By signing the HSA application, the account owner agrees to this return.
Regular Contributions. C1. May I contribute to my SIMPLE IRA? No. Only your employer can make contributions to your SIMPLE IRA on your behalf under your employer's SIMPLE IRA plan. In addition, you may not make any traditional IRA, SEP IRA, Xxxx XXX or Education Savings Account contributions to your SIMPLE IRA. C2. How much may my employer contribute to my SIMPLE IRA on my behalf under my employer's SIMPLE IRA plan? Each year your employer will make payments to your SIMPLE IRA equal to the amount of pre-tax salary reduction contributions that you have elected to make under your employer's SIMPLE IRA plan. Your pre-tax salary reduction contributions are limited to the amount determined from the chart below. In addition, your employer will either contribute 2% of your compensation or match your pre-tax contributions dollar for dollar from 1% to 3% of your compensation. SIMPLE IRA contributions are excluded from your income rather than deducted by you on your tax return. For purposes of the 2% limit on SIMPLE IRA employer contributions described above, your "compensation" is limited to $200,000 in 2002. This compensation limit will be adjusted periodically by the IRS for inflation. CONTRIBUTION LIMITS Maximum Pre- tax Salary Maximum Total Reduction Catch Up Maximum Contribution (Age 50 or (Age 50 or Year (Under Age 50) Older) Older) 2002 $7,000 $500 $7,500 2003 $8,000 $1,000 $9,000 2004 $9,000 $1,500 $10,500 2005 $10,000 $2,000 $12,000 2006 $10,000 $2,500 $12,500 2007 $10,000 $2,500 $12,500 2008 $10,000 $2,500 $12,500 2009 $10,000 $2,500 $12,500 2010 $10,000 $2,500 $12,500 The above figures do not take into account potential cost of living adjustment in increments of $500 beginning in 2006 for the maximum regular contribution and beginning in 2007 for the maximum catch up contribution.
Regular Contributions. The Employer shall contribute to the Scheme the amounts specified in the Actuary's certificate given under Regulation 9(1)(c) of the General Regulations (the "Actuary's Certificate") as varied from time to time.
