Definition of «salary contributions»

The term "salary contribution" refers to a portion of an employee's salary that is paid by their employer towards certain benefits, such as pension or insurance plans. It represents the amount of money that the company contributes on behalf of its employees towards these additional perks.

Sentences with «salary contributions»

  • They give every employee the same percentage of salary contribution. (teacherpensions.org)
  • Requests for salary contributions for team members must be in accordance with the SFI Grant Budget Policy. (sfi.ie)
  • The SIMPLE IRA encourages your employees to save for retirement through pre-tax salary contributions and allows you flexibility in how employer contributions can be made. (firstcitizens.com)
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