Salary Reduction Method For administrative purposes Sample Clauses

Salary Reduction Method For administrative purposes the employee’s gross salary shall be reduced by the full amount of said contribution. The member contributions which are picked up by the Employer shall be treated in the same manner as contributions made by members prior to the commencement of the “pickup” program and will, therefore, be included in compensation for the purposes of the Police and Fire Disability Pension Fund calculations, and for the purpose of the parties in fixing salaries, and compensation of contribution to the Police and Fire Disability and Pension Fund will be calculated on the full salary of members before the “pickup” is deducted from gross salary.
AutoNDA by SimpleDocs

Related to Salary Reduction Method For administrative purposes

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

Time is Money Join Law Insider Premium to draft better contracts faster.