State contribution means the lesser of:
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.
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.
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.
More Definitions of State contribution
State contribution means that portion of the total premium appropriated by law.
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.
State contribution has the meaning given in clause 10 of the ILUAs;
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;
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.
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.