Pick Up Contributions definition

Pick Up Contributions means Employee Contributions that are treated as employer contributions for determining tax treatment under Code Section 414(h)(2).
Pick Up Contributions means a member's regular contributions which is picked up, through a salary reduction by the County from the member's compensation for service rendered on or after December 22, 1984.
Pick Up Contributions means Contributions made pursuant to Section 3.03 of the Plan and Code section 414(h)(2).

Examples of Pick Up Contributions in a sentence

  • No Pick Up Contributions or Participant elections shall be made under this Section 3.03 until and unless the Internal Revenue Service issues a favorable determination letter on the Plan in accordance with Section 3.06 and Pick Up Contributions and Participant elections as set forth in this Section 3.03 are allowed under the terms of the letter.

  • The effective date of the pick-up is the later of the date the Board adopts a resolution authorizing Pick Up Contributions under this Plan and the date of execution of the binding irrevocable election by both the County and the Participant.

  • Contributions shall be County Matching Contributions or Pick Up Contributions as provided in this Article.

  • Additional Contributions provided under this Section 3.03 with Pick Up Contributions shall be evidenced by allocations to the Participant’s Account of amounts equal to the dollar amount of such Pick Up Contributions.

  • Loans may only be made from the Pick Up Contributions Account, if any, of a Participant.

  • Pick Up Contributions shall be allocated to the Pick Up Contributions Accounts of the Participants on whose behalf they are made.

  • A Participant’s (or Beneficiary’s, if applicable) Account may consist of two subaccounts: a County Matching Contributions Account and a Pick Up Contributions Account.

  • Employer Pick- Up Contributions will not be eligible for in-service distribution.

  • First to that portion of a Participant's or Beneficiary's Accrued Benefit that is derived from the Participant's Mandatory Employee Contributions, Supplemental Employee Contributions, and Pick Up Contributions.

  • No consumer shall alter, by-pass or render inoperative any backflow device approved and installed under these regulations.( Ord.


More Definitions of Pick Up Contributions

Pick Up Contributions means Participant contributions made by the Employer on behalf of the Participant pursuant to Section 414(h) of the Internal Revenue Code. Pick Up Contributions shall not under any circumstances be paid to the Participant or be directed by the Participant for any purpose except as Pick Up Contributions to this Plan. The Employer may make Pick Up Contributions through a reduction in salary, an offset against future salary increases, or a combination of the two.
Pick Up Contributions means Employee Contributions that are treated as employer contributions for determining tax treatment under Code Section 414(h)(2). Pick-up Contributions include payments from Employees on leave of absence due to disability or former Employees who have terminated due to disability and are receiving a salary continuation benefit through a plan made available by the State of Washington.
Pick Up Contributions means the Town’s contributions to the Plan which are made pursuant to Section 3.2.

Related to Pick Up Contributions

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Accumulated contributions means the sum of all

  • Member contributions means all amounts paid to ASRS by a member.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Regular contributions means the amounts required to be

  • Employer Contributions means all amounts paid into ASRS by an

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • In-kind contribution means a contribution of goods or services received by a candidate committee, joint candidates committee, political committee, continuing political committee, political party committee, or legislative leadership committee, which contribution is paid for by a person or entity other than the recipient committee, but does not include services provided without compensation by an individual volunteering a part of or all of his or her time on behalf of a candidate or committee.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Initial Capital Contributions has the meaning set forth in Section 3.01.

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Other Contributions means financial or in-kind contributions other than the Grant as set out below: Contributor Nature of Contribution Amount (GST exclusive) Timing Grantee < insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <project end date> <name of third party providing the Other Contribution> <insert description of contribution, e.g., cash, access to equipment, secondment of personnel etc> $<insert amount> <insert date or Milestone to which the Other Contribution relates> Total $<total other contributions>