Delayed contribution payment definition

Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;
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Delayed contribution payment means an amount paid by an employee for
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Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member;
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Examples of Delayed contribution payment in a sentence

  • An alternate payee of a qualified domestic relations order shall be considered a recipient only for purposes of KRS 61.691; (27) "Person" means a natural person; (28) "School term or year" means the twelve (12) months from July 1 through the following June 30; (29) "Retirement office" means the Kentucky Retirement Systems office building in Frankfort; (30) "Delayed contribution payment" means an amount paid by an employee for current service obtained under KRS 61.552.

  • Delayed contribution payment shall include eight (8) percent interest per year.

  • Delayed contribution payment" means an amount paid by an employee for purchase of current service[ obtained under KRS 61.552].

  • Interim positions which are positions established for a one-time or recurring need not to exceed nine (9) months;(22) "Delayed contribution payment" means an amount paid by an employee for purchase of current service.

  • An alternate payee of a qualified domestic relations order shall not be considered a recipient, except for purposes of KRS 61.623; (27) "Person" means a natural person; (28) "School term or year" means the twelve (12) months from July 1 through the following June 30; (29) "Retirement office" means the Kentucky Retirement Systems office building in Frankfort; (30) "Delayed contribution payment" means an amount paid by an employee for current service obtained under KRS 61.552.

  • This highlights the potential simultaneity in the determination of wages, unemployment and restructuring, joint outcomes driven by initial conditions of public infrastructure deficits across regions.In what follows we provide econometric evidence for the assertion that wage levels are determined by unemployment and restructuring levels across regions and time while controlling for simultaneity problems and the presence of other deterministic but omitted factors.

  • Delayed contribution payment" means an amount paid by an employee for current service obtained under KRS 61.552.

  • An alternate payee of a qualified domestic relations order shall not be considered a recipient, except[only] for purposes of KRS 61.623[61.691];(27) "Person" means a natural person;(28) "Retirement office" means the Kentucky Retirement Systems office building in Frankfort;(29) "Delayed contribution payment" means an amount paid by an employee for purchase of current service.

  • An alternate payee of a qualified domestic relations order shall not be considered a recipient, except for purposes of KRS 61.623; (27) "Person" means a natural person; (28) "School term or year" means the twelve (12) months from July 1 through the following June 30; (29) "Retirement office" means the Kentucky Public Pensions Authority office building in Frankfort; (30) "Delayed contribution payment" means an amount paid by an employee for current service obtained under KRS 61.552.

  • Delayed contribution payment shall include 8% interest per year or the maximum legal interest rate allowed by law, whichever is greater.


More Definitions of Delayed contribution payment

Delayed contribution payment means an amount paid by an employee for current service obtained under KRS 61.552. The amount shall be determined using the same formula adopted by the board for purchase of service under KRS 61.552(9), except the employee shall pay a single payment of fifty percent (50%) of the total cost of the service with no cost to the employer, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's contribution account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;
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Delayed contribution payment means an amount paid by an employee for current service obtained under KRS 61.552. The amount shall be determined using the same formula in KRS 61.5525, except the determination of the actuarial cost for
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Delayed contribution payment means an amount paid by an employee for current service obtained under KRS 61.552. The amount shall be determined using the same formula adopted by the board for purchase of service under KRS 61.552(9), except the employee shall pay a single payment of fifty percent (50%) of the total cost of the service with no cost
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Delayed contribution payment means an amount paid by an employee for current service obtained under KRS 61.552. The amount shall be determined using the
Sample 1
Delayed contribution payment means an amount paid by an employee for current service obtained under KRS 61.552. The amount shall be determined using the same formula in KRS 61.5525, except the determination of the actuarial cost for classified employees of a school board shall be based on their final compensation, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall
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Related to Delayed contribution payment

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • 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.