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

  • Actual FY25 contribution rates will be adopted by the Board in September 2023 reflecting FY23 asset experience.Contribution rates include Employer contribution rates as limited by Alaska state statutes and the Additional State Contribution required under SB 125.

  • For purposes of calculating a PFRS Restoration Payment, market value of assets shall not include any City contributions other than those listed on Exhibit II.B.3.q.ii.A or any State contributions if the PFRS trustees fail to comply with the requirements described in the State Contribution Agreement.

  • Beginning Total Employer / State Contribution Rate17.58% 19.85% 20.17% 20.54% 18.93% 11.

  • On the later of (a) the date on which the conditions precedent set forth in the State Contribution Agreement have been satisfied or (b) 60 days after the Effective Date, the State or the State's authorized agent will contribute the net present value of $350 million using a discount rate to be determined in equal portions to GRS and PFRS for the benefit of the Holders of Pension Claims.

  • Fiscal Year Employer / State Contribution Rate4.27%3.12%0.00%0.00%1.94% *b.


More Definitions of State contribution

State contribution means that portion of the total premium appropriated by law.
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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 has the meaning given in clause 10 of the ILUAs;
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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 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 periodicdiscrete lump sum payments to be made to GRS and PFRS by the State for the benefit of Holders ofor the State's authorized agent for the purpose of funding Adjusted Pension ClaimsAmounts in an aggregate nominal amount equal to the net present value of $350 million over the 20-year period immediately following the Effective Dateusing a discount rate to be determined, pursuant to the terms of the State Contribution Agreement.
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State contribution. MEANS THE AMOUNT CONTRIBUTED BY THE STATE TO PAY PART OF THE PREMIUM FOR A QUALIFYING GROUP BENEFIT PLAN IN WHICH A STATE EMPLOYEE IS ENROLLED.
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