Definition of Employer Contribution Percentage


Employer Contribution Percentage means for each Participant the sum of (a) 3% plus (b) the percentage of such Participant’s compensation for which the Company actually provided a matching contribution under the Savings Plan during the year, determined by taking into account (i) such Participant’s level of contributions throughout the year and (ii) whether or not such Participant also participated in the Pension Plan.

Examples of Employer Contribution Percentage in a sentence

Fiscal Year Ended Annual OPEB Cost Employer Contribution Percentage of Annual OPEB Cost Contributed Net Ending OPEB Obligation 2/28/2010 89,338,513$ 30,407,276$ 34% 198,932,991$ 2/28/2011 88,451,513 33,588,280 38% 253,796,224 2/29/2012 92,618,903 38,812,133 42% 307,602,994 The above tables include information for the 5 participating employers to the agent multiple- employer defined benefit post employment healthcare plan that the County administers.
FLORIDA Notes to Financial Statements September 30, 2016 Trend Information Year Ended Annual OPEB Cost Actual Employer Contribution Percentage Contributed Net Ending OPEB Obligation (Asset) 09/30/14 3,440,342$ 2,746,676$ 79.84% (18,282,553)$ 09/30/15 3,585,790 2,972,451 82.90% (17,669,214) 09/30/16 1,677,380 2,915,780 173.83% (18,907,614) Fiscal year 2005 was the year of implementation of GASB 43 and 45 and the City elected to implement prospectively.
For those beginning participation or rejoining on or after January 1, 2002, the percentage of premiums contributed by the employer is based on the following schedule: Health Plan Participation Employer Contribution Percentage Retiree Contribution Percentage Under 10 years 19% 81% 10-14 years 38% 62% 15-19 years 56% 44% 20+ years 75% 25% The Plan does not issue a stand-alone financial report.
Fiscal Year Ended June 30 Annual Pension Cost (Employer Contribution) Percentage of Annual Pension Cost Contributed Net Pension Obligation 2011 $3,905,652 100% $0 2012 4,588,912 100 0 2013 3,994,912 100 0 _______________ Source: City of Brea.
The College’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for the current year and preceding three years are as follows: Year Ended June 30, Annual OPEB Cost Estimated Employer Contribution Percentage of Annual OPEB Cost Contributed Net OPEB Obligation 2015 $ 502,653 $ 533,655 106.17% $ 3,415,421 2016 568,770 317,708 55.86% 3,666,483 2017 164,778 552,908 335.55% 3,278,353 - 38 - KISHWAUKEE COLLEGE ILLINOIS COMMUNITY COLLEGE DISTRICT NO.