Payroll Savings definition
Examples of Payroll Savings in a sentence
The Board will provide teachers the option of participating in a Payroll Savings Plan.
The 16.67% of net semi-monthly salary will be paid into the Payroll Savings Plan.
The amount accumulated in the Payroll Savings Plan will be paid by the Board in two equal installments into the employee’s bank account on July 15 and August 15.
The Board shall make Canada Savings Bonds Payroll Savings Program available for purchase through the Board approved payroll deduction plan.
The semi-monthly net pay includes a deduction for the Payroll Savings Plan set at 16.67% of their net semi-monthly salary.
The parties agree that the following will be the Payroll Savings Plan for teachers in School District No. 34.
CTA Members shall be paid in ten (10) monthly instalments with a mid-month advance of approximately 50% of their monthly net pay; unless the employee wishes to participate in the Payroll Savings Plan [See Article B.8.11].
Notify the Board through its Payroll Department, in writing by June 30th if they do not wish to continue in the Payroll Savings Plan the following year.
Employees electing to participate in the Payroll Savings Plan shall a.
Interest to June 30th is calculated on the plan and added to the individual employee’s accumulation in the Payroll Savings Plan.