Employee Contributions definition

Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

Employee Contributions means those contributions to the PERS retirement system which are deducted from the salary of employees and credited to individual employees' accounts.

Employee Contributions. The term "employee contributions" shall mean those contributions to the CalPERS retirement system which are deducted from the salary of employees and credited to individual employee's accounts.

Examples of Employee Contributions in a sentence

• The Mandatory Employee Contributions under Election 6(a) are subject to the following additional elections.

• This Article specifically covers Employee Contributions made on behalf of employees covered by the collective bargaining agreement to which the Article relates.

• This Article will be operative only as long as the Employer pick-up of Employee Contributions continues to be excludable from employees’ taxable income under the Internal Revenue Code.

• Notwithstanding anything to the contrary, employees’ salary will be reduced by the amount of Employee Contributions that are made by the Employer in accordance with the terms of this Article.

• In accordance with that Executive Order and with Internal Revenue Service guidance under Revenue Ruling 2006-43, this formalizes the implementation of section 414(h)(2) with regard to Employee Contributions to CalPERS that are made by the Employer on behalf of its employees.

More Definitions of Employee Contributions

Employee Contributions means contributions made by a Participant prior to January 1, 1989 as a condition of participation in Part II of the Plan.

Employee Contributions means contributions made to the individual account

Employee Contributions means any and all sums of money required to be paid by Participating Employees to the Trustees to provide Benefits in accordance with a Plan, as determined by the Trustees from time to time;

Employee Contributions means any voluntary non-deductible contribution made to a plan by or on behalf of a Participant that is or was included in the Participant's gross income in the year in which made and that is maintained under a separate account to which applicable earnings and losses are allocated. Excess Contributions may not be recharacterized as Employee Contributions. Employee Contributions shall be paid over to the Trustee not later than thirty (30) days following the end of the month in which the Participant makes the contribution. A Participant shall have a fully vested 100% nonforfeitable right to his Employee Contributions and the earnings or losses allocated thereon. Distributions of Employee Contributions shall be made in accordance with Section 7.10.

Employee Contributions means after tax contributions that were made by a Member to a Prior Plan.

Employee Contributions means any mandatory or voluntary contribution to the Plan that is treated at the time of contribution as an after-tax employee contribution and is allocated to a separate account to which attributable earnings and losses are allocated.

Employee Contributions. The term “employee contributions” shall mean those contributions to the STRS which are deducted from the salary of employees and credited to individual employee’s accounts.