Employer's Contribution definition

Employer's Contribution. For every one ($1.00) dollar the employees contribute, the Employer will contribute fifty ($0.50) cents up to a yearly maximum of two (2%) percent of the employee's regular annual salary.
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Examples of Employer's Contribution in a sentence

  • Such contributions shall be entered on the Employer's Contribution Report form supplied by the Labourers’ Pension Fund and shall include the member’s name, social insurance number and hours worked.

  • As soon as appropriate following the Employer's Contribution of the reinstated amount, it shall be paid to the former Member or Beneficiary in a single sum.

  • Such contributions shall be entered on the Employer's Contribution Report form and sent to: Labourers Pension Fund of Central and Eastern Canada P.

  • The Employer's Contribution Rate to the National Pension Fund will be increased by the date and in the amount required in the First Alternative Option, no later than the first (1st) day of June, 2021 and the first (1st) day of such month in each succeeding calendar year.

  • Forfeitures of nonvested ACP Test Safe Harbor Matching Contributions will be used to reduce the Employer's Contribution.

  • If an Integration Level is used to determine the amount or allocation of an Employer Contribution and a Member receives Pay from more than one Adopting Employer, the Integration Level used to determine the amount or allocation of an Adopting Employer's Contribution is equal to the Integration Level multiplied by the ratio of (i) the Member's Pay from the Adopting Employer used to determine the amount or allocation of such Contribution to (ii) such Pay from all Adopting Employers.

  • Unless otherwise elected in the Adoption Agreement, for purposes of this Article VI, the Employer's Contribution under Article IV will be considered to have been made on the last day of the Plan Year for which contributed.

  • Notwithstanding the above, for any Top Heavy Plan Year a Participant shall share in the Employer's Contribution under Section 4.1 for such year as required pursuant to Section 4.3G.

  • Effective with the new Beneflex sign up period in 2014 and continuing until the execution of another agreement the EMPLOYER'S contribution will be adjusted using the formula listed below: Change in Employers Contribution = [(New HMO 500 Rate - Current HMO 500 Rate) x .88947] Any costs above this ceiling shall be contributed by the EMPLOYEE.

  • The Employer's Contribution for any Plan Year shall not exceed the maximum amount which the Employer may deduct pursuant to Section 404 of the Code.