City Contributions definition
Examples of City Contributions in a sentence
Deficits in Enhanced Benefits shall not be paid by increased City Contributions but shall be paid by members of the Fund.
City Contributions shall be made on a pro rata basis each pay period.
Upon mutual agreement of the new City Subsidy, the City Contributions in future calendar years will be limited to an annual increase or decrease of +/- 3%.
City Contributions will be capped at the 2014 City contribution rate.
All of the City Contributions will be used only for the purposes of providing benefits to the Covered Populations that are permitted under the rules and regulations of the Internal Revenue Service adopted pursuant to Code Section 501(c)(9).
Since the Trust solely controls the Local 440 Benefit Plan, City Contributions will be limited to the calculations outlined in Section 4 and the Trust will be responsible for ensuring the sustainability of the plan design based on that City Contribution.
If the Authority defaults under the Project Cooperation Agreement, the City may pursue any remedies at law or in equity to compel performance by the Authority, including without limitation an action for specific performance by the Authority or an action for actual damages resulting from the default; provided, however, that no such default shall result in a termination of this Agreement or a reduction or delay in the City Contributions.
The City shall provide necessary data files only to the Trust’s TPA to accompany each of the City Contributions, including Recruit and Fire Fighter payroll deductions.
The actual amount of the City Contributions shall be calculated each month to reflect the actual number of participants in the Local 440 Benefit Plan(s) who would have been eligible for coverage in the City’s Healthcare Plan during that plan year and who are enrolled in the Local 440 Benefit Plan(s) as of the first day of the month.
Changes to the City Subsidy for purposes of calculating the City Contributions in calendar years after 2019 will be limited to an annual increase or decrease of +/- 3%.