State contribution definition

State contribution means the lesser of:
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State contribution means payments to be made to GRS and PFRS by the State or the State's authorized agent for the purpose of funding Adjusted Pension Amounts in an aggregate amount equal to the net present value of $350 million payable over 20 years using a discount rate of 6.75%, pursuant to the terms of the State Contribution Agreement.
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State contribution means the lesser of two million dollars or an amount equal to excess state excise taxes received by the state during the preceding calendar year.
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Examples of State contribution in a sentence

  • Employees shall continue to receive the full State contribution to health and dental plans as provided in Article 11 of this Agreement.

  • The state will pay 95% of the monthly benefit premium amount of the plan selected by the employee calculated per Article 31, Section 3 as follows: Full time premium rate x .95 x the ratio of paid regular hours to full-time hours to the nearest full percent = State contribution In addition, the state will pay up to an additional monthly subsidy for employee's monthly premium rate for employees with salary rates $2,696 and below a month.

  • The Lead Beneficiary and each Beneficiary shall take the financial responsibility for the EU contribution and, if relevant, the related State contribution it has received for its project part.

  • Employees shall continue to receive the full State contribution to health and dental plans as provided in Article 10 of this Agreement.

  • Full-time premium rate x Employer contribution percentage x the ratio of paid regular hours to full-time hours to the nearest full percent = State contribution.


More Definitions of State contribution

State contribution means that portion of the total premium appropriated by law.
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State contribution has the meaning given in clause 10 of the ILUAs;
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State contribution means a contribution to which section 60 applies.
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State contribution means periodic payments to be made by the State for the benefit of Holders of Pension Claims in an aggregate nominal amount of $350 million over the 20-year period immediately following the Effective Date pursuant to the terms of the State Contribution Agreement.
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State contribution means the financial resources for the Project (other than the Funding), which the State is obliged to require LMW to provide to the Project under this Project Schedule;
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State contribution means the lesser of one million dollars or an amount equal to:
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State contribution means an annual salary supplement
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