MSK Base Contribution definition
MSK Base Contribution means a contribution that MSK automatically makes each pay period on behalf of individuals who are Eligible Employees during that pay period. The MSK Base Contribution that you receive each Plan Year will depend on your age as of December 31 of the prior Plan Year. If you were less than age 31 as of December 31 of the prior Plan Year, your MSK Base Contribution will be 2.5% of your Compensation. If you were age 31 or older as of December 31 of the prior Plan Year, your MSK Base Contribution will be 5% of your Compensation.