Employee’s Contribution. The employee’s contribution to the Health and Welfare Plan shall be $225.00 per month. This contribution shall cover the cost of the Medical Services Plan. Any changes in the Medical Services Plan shall be passed through to the employee at the rate of 100%. This contribution shall also cover the cost of Long-Term Disability and shall be subject to the increases in the Health and Welfare plan as listed below. Increases in the Health and Welfare Plan costs shall be divided with the employee paying 32% of such increase, and the Company paying 68% of such an increase. The Company will notify the Union of any changes.
Employee’s Contribution. Company will deduct from Employee’s monthly pay slip a sum equal to 6% of Employee’s Salary as Employee’s contribution.
Employee’s Contribution. Employees shall pay their own employee’s portion of the PERS retirement contribution.
Employee’s Contribution. The employee’s contribution is 3.5% of the pension base. The employee’s pension contribution is deducted from the employee’s salary or benefit, if applicable, each month. Flexible commencement date and size of pension Besides earlier or later commencement of the old age pension, the scheme also provides options for part-time pension and converting pension benefit entitlements. Conversion of benefit entitlements is only possible with regard to full-time old-age pension. Employees can opt to convert the accrued partner’s pension into a higher old-age pension, or vice versa; within certain limits the old-age pension can be converted into a partner’s pension. This does not apply to the orphan’s pension and the special partner’s pension. Employees can also opt, within tax rule limits, for temporarily higher or temporarily lower pension benefit payments. Once an option has been chosen, it can no longer be reversed after the choice has been implemented. Appendices
Employee’s Contribution. The employees’ current contribution rate to their Retirement Plan shall be 5.93% for the Benefit Program B-3.
Employee’s Contribution. The City shall pay the employee's share of the worker's compensation base premium. See also Article 14.1.
Employee’s Contribution you shall contribute to such Pension Insurance Policy a minimum of 6% and up to 7% of the Monthly Salary, as instructed by you and according to the terms of the specific Pension Insurance Policy, and the Company shall deduct your contribution each month from your Monthly Salary and apply such deduction towards the said Pension Insurance Policy.
Employee’s Contribution. The employee’s contribution is 5% of the pensionable salary. The employee’s pension contribution is deducted from the employee’s salary or benefit, if applicable, each month. Flexible commencement date and size of pension Besides earlier or later commencement of the old age pension, the scheme also provides options for part-time pension and converting pension benefit entitlements. Conversion of benefit entitlements is only possible with regard to full-time old age pension. Employees can opt to convert the accrued dependant’s pension into a higher old age pension, or vice versa; within certain limits the old age pension can be converted into a dependant’s pension. This does not apply to the orphan’s pension and the special dependant’s pension. Employees can also opt, within tax rule limits, for temporarily higher or temporarily lower pension benefit payments. Once an option has been chosen, it can no longer be reversed after the choice has been implemented. Indexation The benefit entitlement for both active employees, former participants and pensioners will be conditionally index-linked in the same way and applying the same percentage annually as of 1 July on the basis of the consumer price index, all households, derived, measured for the preceding period of April-April in line with the indexation progression to be determined by the Board of Rabobank Pension Fund Foundation. The decision whether a beneficiary is an active employee or not will be based on the actual situation at the time when the indexation is granted. - Guarantee To manage the risk of build-up shortfalls, Rabobank will provide a guarantee during the period 2014 up to and including 2020 up to a maximum amount of € 200 million for the realisation of the purchase of the targeted pension build-up. The guarantee will operate as follows: - If and insofar as in any year the collective pension contribution determined in advance that is provided by the employer is less than required in Rabobank Pension Fund Foundation to achieve the targeted pension build-up for that year, the difference, insofar as it is less than the maximum available amount under the guarantee, will be additionally provided by the employer to Rabobank Pension Fund Foundation. - At 1 January 2017 the remaining amount available under the guarantee is € 170.1 million, and it will be successively reduced by the additional contributions that the employer provides to Rabobank Pension Fund Foundation under the guarantee as applicable. -...
