Match Deductions Sample Clauses

Match Deductions. The School District will match eligible annual contributions based on the completion of the following service credit with the District: 0-1 years No Match 2-8 Years $600.00 Match 9-14 years $650.00 per year 15-21 years $700.00 per year 22+ years $750.00 per year The School District shall contribute annually an amount equal to the amount contributed by the employee. The amount contributed by the District shall not exceed the maximum amount outlined in this subdivision.
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Match Deductions. Subd. 1. Yearly Contributions. Yearly contributions made by the School District to a qualified employee's Matching Annuity shall be deducted from the $45,000 (or $43,000) contribution with any balance remaining due to the eligible employee upon retirement. Any certified staff hired after July 1, 2004 will not qualify for any balance remaining. One-third of the remaining balance will be paid in the first pay period in each July following retirement for three years. Subd. 2. Any employee having been employed by the District for fifteen consecutive years
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Match Deductions. Subd. 1. Yearly Contributions. Yearly contributions made by the School District to a qualified employee's Matching Annuity shall be deducted from the $45,000 (or $43,000) contribution with any balance remaining due to the eligible employee upon retirement. Any certified staff hired after July 1, 2004 will not qualify for any balance remaining. One-third of the remaining balance will be paid in the first pay period in each July following retirement for three years. Subd. 2. Any employee having been employed by the District for fifteen consecutive years or more shall neither gain nor lose severance value during any duly approved Mobility Leave as defined in Minn. Stat. 354.05, Subd. 13. Neither the Employee nor District shall make any annuity contributions during the Mobility Leave.
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Related to Match Deductions

  • Dues Deductions Dues deductions, once initiated, shall continue until the authorization is revoked in writing by the employee. For the administrative convenience of the City and the Union, an employee may only revoke a dues authorization by delivering the notice of revocation to the Controller during the two-week period prior to the expiration of this Agreement. The revocation notice shall be delivered to the Controller either in person at the Controller's office or by depositing it in the U.S. Mail addressed to the Payroll/Personnel Services Division, Office of the Controller, ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, Room 235, San Francisco, CA 94103-0948; Attention: Dues Deduction. The City shall deliver a copy of the notices of revocation of dues deductions authorizations to the Union within two (2) weeks of receipt.

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions: (A) Deductions from a salaried employee's salary may be made for any workweek in which the salaried employee performs no work. (B) Deductions from a salaried employee's salary may be made when the employee absents himself from work for a full day or days for personal reasons, other than sickness or accident. This provision shall not prevent appropriate deductions from being made from any employee's vacation leave balance pursuant to Article 11 of this Agreement for absences of less than a day for personal reasons, other than sickness or accident. (C) Deductions from an employee's salary may be made when a salaried employee absents himself from work for a day (or days) for sickness or accident disability in accordance with the provisions of Articles 13 and 14 of this Agreement. (D) Deduction in a salaried employee's salary may be made for the initial or terminal week of the salaried employee if the salaried employee fails to work the entire workweek.

  • Employee Deductions A. Upon receipt of a written authorization voluntarily executed by an employee, the County will deduct monthly Association dues, if any, from the salary of an employee who so requests, and transmit said monies to the Association. The parties shall agree upon the form of the written authorization. B. The Association shall indemnify and hold the County harmless against any and all claims, demands, costs (including attorneys’ fees), suits, and all forms of liability and damages (including, but not limited to, compensatory, consequential and punitive damages) which arise or may arise out of or by reason of any action taken or not taken by the County pursuant to paragraph A above.

  • Union Dues Deductions It shall be a condition of employment for all Nurses in the Bargaining Unit, that dues be deducted from their bi-weekly salary in the amount determined by the Union. The deductions for newly employed Nurses shall be in the first pay period of employment. The dues shall be submitted monthly to the Union together with a list of the Nurses from whom the deductions were made.