Member contribution definition

Member contribution means a contribution under regulation 32;
Member contribution means a contribution under regulation 63;
Member contribution means an amount reduced from the employee’s regular pay periods, and deposited into the member’s individual annuity account within the Teachers’ Defined Contribution Retirement System.

Examples of Member contribution in a sentence

  • Member contribution rates are 7% and employer contribution rates are 7.12% of covered compensation.

  • Member contribution rates are defined by law or Board rule and depend on the terms of the plan under which a member is covered.

  • Member contribution rates were 8.5% and employer contribution rates were 13.55% of covered payroll.

  • If your coverage ends because you fail to make a required Member contribution, you must provide a satisfactory Medical History to become covered again.

  • You are responsible for any Member contribution to the Premium and your Group will tell you the amount and how you will pay it to your Group (through payroll deduction, for example).


More Definitions of Member contribution

Member contribution means an amount reduced from the employee’s regular pay
Member contribution means the payment by the member into the retiree health
Member contribution means the payment by the member into the retiree health benefits fund pursuant to sections 54-52-02.9 and 54-52-17.4.
Member contribution means an amount equal to the subscription minus the monthly employer contribution;
Member contribution means an amount reduced from the employee's regular pay
Member contribution means the money paid to the association which THAT equals a percentage of the member's salary as determined pursuant to the provisions of section 24-51-401 (1.7). "MEMBER CONTRIBUTION" DOES NOT INCLUDE WORKING RETIREE CONTRIBUTIONS AS DEFINED IN SUBSECTION (53) OF THIS SECTION.
Member contribution means an Elective Deferral or a Savings Contribution, individually or collectively, as the context requires.