Examples of Employer Contribution in a sentence
Credited years Percentage of of Service Employer Contribution 10 50 11 55 12 60 13 65 14 70 15 75 16 80 18 90 19 95 20 100 The District will provide medical premium payments for employees who retire from the District at the same level as those provided in Government Code Section 22893.
A classified employee who receives an Employer Contribution, who has three (3) or more years of continuous service, and who has been permanently or seasonally laid off, remains eligible for an Employer Contribution and all other benefits provided under this Article for an extended benefit eligibility period of six (6) months from the date of layoff.
The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.
As soon as reasonably practical after each payroll period, the Employer shall apply the Employer Contribution and Salary Redirection to provide the Benefits elected by the affected Participants.
If a Participant’s Employer Contribution to this Plan is not sufficient to cover the cost of Benefits or Premium Expenses being provided and elected pursuant to Article IV, the Participant’s Compensation will be reduced in an amount equal to the difference between the cost of Benefits he/she elected and the amount of Employer Contribution available to the Participant.