Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 5.03 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed 60% of Compensation for that period.
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: I elect to defer receipt of the portion of my compensation indicated below and to have that portion contributed into the 403(b) Plan each pay period (complete one box): a flat dollar amount equal to $ of my compensation contributed pre-tax or $ of my compensation contributed after-tax (Xxxx election), or % of my compensation contributed pre-tax or % of my compensation contributed after-tax (Xxxx election).
Regular Contributions. NEW EMPLOYEES and OPT-OUT EMPLOYEES Employees who are hired after the date of ratification of this Agreement by both parties ("new employees") and those current employees who have elected to irrevocably opt out of (waive) the City's obligation to pay health insurance premiums for them upon retirement, as was provided for in prior agreements, shall be entitled to retiree health insurance by means of their participation of the RHSP but shall not be eligible for City-paid health insurance premiums upon retirement as provided by Section 17.4. For each such new employee and opt-out employee, the City shall contribute on or about the first payroll date in January ("the contribution date") during each year of this Agreement remaining after the date of ratification of the Agreement by both parties, or upon the successful conclusion of an employee's probationary period, if later, $1,000 plus .25 percent (one-quarter of one percent) of annual salary as of the contribution date to the employee's Retiree Health Savings Plan account maintained by ICMA-RC.
Regular Contributions. NEW AND OPT-OUT EMPLOYEES. Employees who are hired after November 25, 2009 shall be entitled to retiree medical coverage by means of their participation in the RHSP. For each such new employee and opt-out employee, the City shall contribute on or about the first payroll date in January (“the contribution date”) during each year of this Agreement, or upon the successful conclusion of an employee’s probationary period, if later, $1,000 plus .25 percent (one-quarter of one percent) of annual salary as of the contribution date.
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: I elect to defer receipt of the portion of my compensation indicated below and to have that portion contributed into the 403(b) Plan (complete one): an amount equal to $ per year at a flat rate of $ per pay period; or an amount based on % of compensation per pay period. I elect to discontinue the deferral of my compensation into the 403(b) Plan. I understand that I may reconsider my decision for any future pay date by timely completing and returning a new Agreement to the Payroll Office or its designee.
Regular Contributions. The maximum amount you may contribute for any one year is the lesser of 100% of your compensation or $2,000. This is your contribution limit. The deductibility of regular IRA contributions depends upon your marital status, tax filing status, whether or not you are an "active participant" and your Modified AGI. Deductibility of Regular Contributions for tax years before 1/1/98.
Regular Contributions. You may contribute each year up to $2,000 or 100% of your compensation, whichever is less, to your IRA. If you also establish a spousal IRA for your spouse, you may contribute up to $2,250 or 100% of your compensation, if less, which may be split between the two IRA's as you choose, provided that no more than $2,000 may be contributed to either your IRA or the spousal IRA. If your spouse has compensation in excess of $250, you and your spouse can make a larger total contribution if you each contribute to a regular IRA. If your employer contributes to your IRA, the contribution is treated as compensation paid to you, whether or not the contribution is deductible, unless the contribution is made under a SEP (see below). Compensation for these purposes means wages, salaries, professional fees, or other amounts derived from or received for personal services actually rendered. It includes earned income from self employment and alimony or separate maintenance payments includable in income. It does not include pension or annuity payments or deferred compensation.
Regular Contributions. The trustee will accept additional cash contributions for the tax year made by the account owner or on behalf of the account owner (by an employer, family member, or any other person). No contributions will be accepted by the trustee for any account owner that exceeds the maximum amount for family coverage plus the catch-up contribution.
Regular Contributions. Effective January 1, 1987, the contributions which are payable under this contract for a Participant are the Qualified Retirement Contributions described in Section 219(e) of the Federal Internal Revenue Code of 1986, as amended (the "Code"), which the Participant has directed for payment hereunder. The contributions made for a Participant for any of his tax years are subject to certain limits. They may not exceed the amounts specified in Code Section 219(b)(1) for any tax year of the Participant. A contribution may be made for a non-working spouse of a Participant. However, the sum of the contributions made for the working and non-working spouses may not exceed the amounts specified in Code Section 219(c)(2) for any tax year of the Participant. The contribution limits described in the two preceding paragraphs may be reduced for certain Participants as provided in Code Section 219(g).
Regular Contributions. The custodian will accept cash contributions for the tax year made by the account owner or on behalf of the account owner (by an employer, family member, or any other person). The custodian will not knowingly accept annual cash contributions for an HSA in excess of the annual maximum contribution for family coverage set by the IRS (plus one “catch-up” contribution if the account owner is age 55 or older). However, it is not the custodian’s responsibility to determine whether the amount of any contribution is permissible or exceeds the account owner’s maximum contribution or is otherwise deductible under applicable provisions of the tax code. The custodian will accept contributions made by check or electronically through direct deposit. If a contribution sent elec- tronically to an account owner’s HSA would cause the annual maximum contribution to be exceeded, the entire deposit will be returned to the originating depository institution. The return will be initiated using the R23 (Credit Entry Refused by Receiver) return reason code, which is described in the ACH Rules guide published by the National Automated Clearing House Associa- tion. By signing the HSA application, the account owner agrees to this return.
