Payroll Deduction Programs Clause Samples

The Payroll Deduction Programs clause authorizes an employer to withhold specific amounts from employees' wages for designated purposes. Typically, this applies to deductions for benefits such as health insurance premiums, retirement plan contributions, or other voluntary programs employees opt into. By formalizing the process for these deductions, the clause ensures compliance with legal requirements and provides clarity for both employer and employee regarding how and why payroll deductions are made.
Payroll Deduction Programs. 1. New insurance must be purchased from carriers who have participation of at least twenty percent (20%) of the teachers. Payroll deduction for current participants for insurance will continue to be made for carriers existing in 1993-94. Annuities (403b) initiated beginning January 1, 2009 must be with companies in the School Corporation’s Plan Document. It is the responsibility of the participant to arrange the billing procedure with the corporation’s bookkeeper. 2. Enrollment shall be the responsibility of each carrier, including the preparation of premiums owed and deductions to be made. It shall be the responsibility of the carrier to accomplish all selling, policy delivery, and servicing in an ethical and timely manner. 3. Enrollment in such plans will be conducted once each year, the enrollment period being a thirty (30)-day period beginning the day after the contract-ratification date. In any school year in which the contract-ratification date occurs before the beginning of a new school year, the enrollment deadline will be October 1. 4. Tax sheltered annuities purchased by salary reduction only will still have an enrollment deadline date of August 1 or February 1.
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Payroll Deduction Programs. Enrollment in District payroll deduction programs such as the 403(b), United Way, Government Bonds, approved Teacher’s Credit Union, Insurance options, Michigan Public School Employees Retirement System (MPSERS) tax-deferred payment program, and direct deposit shall be available during open enrollment periods as designated by the District, and in accordance with the established payroll schedule procedures for the year. Written employee authorization is needed to participate in District approved employee deduction programs. In such an event, Bedford Public Schools will inform the employee, in writing, of its correction within five (5) working days.
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Payroll Deduction Programs. 1. New insurance benefits must be purchased from carriers who have participation of at least twenty percent (20%) of the teachers. Annuities (403b) must be with companies in the School Corporation’s Plan Document. It is the responsibility of the participant to arrange the billing procedure with the corporation’s bookkeeper. 2. Enrollment shall be the responsibility of each carrier, including the preparation of premiums owed and deductions to be made. It shall be the responsibility of the carrier to accomplish all selling, policy delivery, and servicing in an ethical and timely manner. 3. Enrollment in such plans will be conducted once each year, the enrollment period being a thirty (30)-day period beginning the day after the contract-ratification date. In any school year in which the contract-ratification date occurs before the beginning of a new school year, the enrollment deadline will be October 1. 4. Tax sheltered annuities purchased by salary reduction only will still have an enrollment deadline date of August 1 or February 1.
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Payroll Deduction Programs. The Board shall provide payroll deduction programs at the request of an employee. The Board reserves the right to limit the number of insurance/annuity companies to ten (10) in the District.
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Payroll Deduction Programs. The Company agrees to establish, in conjunction with the Association, a system of payroll deductions necessary to cover the costs of any additional group insurance plan coverage or health and welfare benefit plans established by the Association. These plans may include additional Flexible Spending Accounts (FSA) and a Voluntary Employee Benefit Association (VEBA), established by the Association. All such FSAs or VEBAs shall be in full compliance with all applicable IRS requirements and be subject to review and approval by the Company. 1. Company and Association representatives shall meet and agree on the forms and procedures which crewmembers shall utilize to provide the necessary authorization to make payroll deductions and information to implement such program(s). 2. The Association will designate whether the withheld amount(s) shall be remitted to the Association or to program provider(s). 3. Prior to the implementation of any payroll deduction, existing crewmembers shall complete the necessary forms and authorization. New crewmembers will be allowed to elect participation in the various Association programs as early as during the Company’s initial orientation training. Thereafter, crewmembers will be allowed to adjust their deductions in accordance with the schedule provided by the Company payroll department and coordinated with bi-weekly payroll dates. 4. In order for the Company to be required to establish a payroll deduction program, at least ninety-five (95) crewmembers must have completed the necessary agreed-to-forms to participate in each of the designated programs. As of the date of the ratification of this Agreement, current payroll deductions include those for the Mutual Aid Plan for UPS Pilots, the IPA Group Life Plan, the IPA LTD Plan, and the IPA Foundation. Furthermore, the Association agrees to establish no more than five (5) programs in addition to those above for which the Company will be required to establish payroll deductions. However, the limitations in this paragraph shall not apply to the program the Association may establish in Section F of this Article. 5. As a part of the new health care program contained in A.1., the Company agrees to establish, maintain, and administer a Flexible Spending Account (FSA) for Child/Elder Care (CECSA) and for Health Care (HCSA) for all eligible crewmembers. This FSA for child care will replace, upon implementation, the current Association established FSA. The CECSA and HCSA will be implemented a...
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Payroll Deduction Programs. The Employer agrees to make payroll deductions for all employees who enroll in the credit union. Each interested employee shall fill out an enrollment card and forward it to the Employer before deductions will be made.
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Payroll Deduction Programs. Enrollment in District payroll deduction programs such as 403(b), United Way, approved Teacher’s Credit Union, Insurance options, Michigan Public School Employees Retirement System (MPSERS), tax-deferred payment program, direct deposit shall be available during open enrollment periods as designated by the District, and in accordance with the established payroll schedule and procedures for the year. Written employee authorization is needed to participate in District approved employee deduction programs.
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Payroll Deduction Programs. Enrollment in District payroll deduction programs such as the 403(b), United Way, Government Bonds, approved Teacher’s Credit Union, Insurance options, Michigan Public School Employees Retirement System (MPSERS) tax-deferred payment program, and direct deposit shall be available during open enrollment periods as designated by the District, and in accordance with the established payroll schedule procedures for the year. Written employee authorization is needed to participate in District approved employee deduction programs. Add last sentence to opening paragraph on the Bedford Public Schools Employee Direct Deposit Authorization. In such an event, Bedford Public Schools will inform the employee, in writing, of its correction within five (5) working days.
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Related to Payroll Deduction Programs

  • Payroll Deductions An employee shall be entitled to have deductions from her salary assigned for the purchase of Canada Savings Bonds.

  • Payroll Deduction A. Membership dues of OCEA members in this Representation Unit and insurance premiums for such OCEA sponsored insurance programs as may be approved by the Board of Supervisors shall be deducted by the County from the pay warrants of such members. The County shall promptly transmit the dues and insurance premiums so deducted to OCEA. B. OCEA shall notify the County, in writing, as to the amount of dues uniformly required of all members of OCEA and also the amount of insurance premiums required of employees who choose to participate in such programs.

  • Other Payroll Deductions Upon appropriate written authorization from the employee, the Board shall deduct from the salary of any employee and make appropriate remittance for annuities, credit union, savings bonds, insurance, or any other plans or programs approved by the parties.

  • Payroll Deduction Schedule The Board will deduct the representation fee in equal installments, as nearly as possible, from the paychecks paid to each employee on the aforesaid list during the remainder of the membership year in question. The deductions will begin with the first paycheck paid:

  • PAYROLL DEDUCTION OF DUES 12.01 The Company shall deduct from the payroll of employees on each pay period, from wages due and payable to all employees coming within the scope of this agreement, an amount as provided by the Union, subject to the conditions described below. 12.02 The amount to be deducted shall be equivalent to the regular dues payment of the Union and may include initiation fees, fines, or special assessments. The amount to be deducted will only be changed during the term of the agreement to conform to a change in the amount of regular dues of the Union in accordance with its constitutional provisions. 12.03 If the wages of an employee payable on the payroll for the last pay period of any month are insufficient to permit the deduction of the full amount of dues, no such deduction shall be made from the wages of such employee by the Company in such month. The Company shall, because the employee did not have sufficient wages payable to him on the designated payroll, carry forward and deduct from any subsequent wages the dues not deducted in an earlier month. 12.04 Only payroll deductions now or hereafter required by law, as well as benefit and pension deductions, shall be made from wages prior to the deduction of dues. 12.05 The amount of dues so deducted from wages accompanied by a statement of deductions from individuals, shall be remitted by the Company to the Union as may be mutually agreed by the Union and the Company, not later than thirty (30) calendar days following the month in which the deductions were made. 12.06 The Union agrees to indemnify and save the Company harmless against any claim or liability arising out of the application of this article. However, in any instances in which an error occurs in the amount of any deduction of dues from an employee’s wages, the Company shall adjust the amount in a subsequent remittance. 12.07 The Union will provide the Company with a percentage or other amount of basic wages to be applied for the purpose of dues deductions.