Full-Time Equivalent (FTE) definition

Full-Time Equivalent (FTE) means an employee who is determined to be a “full-time equivalent” employee for purposes of IRS Code Section 4980H and the regulations promulgated thereunder, as established by the Patient Protection and Affordable Care Act of 2010, as amended.

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Full-Time Equivalent (FTE) means the percent of a full-time contract. {(# of days worked/Article IV days) times percent (%) of each day worked}

Full-Time Equivalent (FTE) means the amount of time an employee works during a school year (July 1 through June 30 of the following calendar year) as a percentage of the amount of time a full-time employee in the same position would work during a school year.

Examples of Full-Time Equivalent (FTE) in a sentence

For the purpose of providing creditable service reporting to the State Teachers Retirement System (STRS) as defined in Education Code Section 22138.5, the Full-Time Equivalent (FTE) for part-time faculty must be identified in this collective bargaining agreement.
Employ a minimum of one (1) Program Director at 0.25 (one-quarter) Full-Time Equivalent (FTE) per coalition funded.
Position is expressed in terms of Full-Time Equivalent (FTE); for example, full-time (1.0), half-time (0.5), and fifth-time (0.2).
Full-Time Equivalent (FTE): The amount of time (stated as a percentage) an hourly position will be providing services under an agreement.
If a teacher is employed on a part-time basis < 50% of a regular teacher contract (therefore not eligible for insurance benefits), all pay and all paid leave days shall be prorated in accordance with the amount of time the teacher works as compared to a Full-Time Equivalent (FTE).

More Definitions of Full-Time Equivalent (FTE)

Full-Time Equivalent (FTE) means the number of hours designated by an organization that constitutes a standard workweek for that organization.

Full-Time Equivalent (FTE) means 2,080 hours per annum, which equals one full time technical position.

Full-Time Equivalent (FTE) means a combination of full-time and part-time employees that represents all employees as a comparable number of full-time employees.

Full-Time Equivalent (FTE) means any employee working for a company on the specified project site on a forty (40) hour or more per week schedule, or a combination of two (2) or more employees on part time schedules that equal forty (40) hours.

Full-Time Equivalent (FTE) means an employment contract of 40 hours per week, 52 weeks per year, or a full teaching load of 24 credit hours over the Fall and Spring semesters or its equivalent. A 40 hours, 52 weeks, or full teaching load contract is expressed as a 1.0 FTE contract.

Full-Time Equivalent (FTE) means the decimal equivalent value of a position. A full-time position based on 40 hours per week (2080 hours per year) is 1.00 FTE.

Full-Time Equivalent (FTE) means the total number of regular straight-time hours (i.e., not including overtime or holiday hours) worked by employees divided by the number of compensable hours applicable to each fiscal year. The number of compensable hours for each fiscal year is provided in OMB Circular No. A- 11, Preparation, Submission, and Execution of the Budget, Section 85.5 (c).