Sentences with phrase «allow salary reduction»
Attempts to reduce the Legislators» salaries last year were blocked by members of the Majority Caucus and the County charter does not allow salary reduction legislation to be voted on during an election year.
http://www2.erie.gov/ Not exact matches
The Internal Revenue Service allows individuals who are age 50 or older by the end of the calendar year to make extra pre-tax contributions to their work - sponsored retirement plan account (s), including their 401 (k), 403 (b), Salary Reduction Simplified Employee Pension Plan, or governmental 457 (b).
The pension factor represents years of service, the age factor allows for a possible reduction should a member choose to retire early, and the final average salary is derived from a member's highest three or five consecutive school year salaries, depending on when he or she enrolled.
DPI staff presented the latest cuts to members of the State Board of Education this week, although they pointed out this year's $ 300,000 cut allows the administrative office the flexibility to use lapsed salary dollars — in other words, cash slated for unfilled positions — to meet the reduction, rather than forcing the agency to ax more jobs.
Savings Incentive Match Plan for Employees (SIMPLE) allow employees to make salary reduction contributions while the employer can make matching contributions directly to an IRA set up for each employee.
401k Retirement Plan - Allows eligible employees to make salary deferral (salary reduction) contributions on a pretax and / or post-tax basis.
... as drafted, the proposed legislation not only sets the stage for across the board wage freezes and restrictions on individual salary movement within range, but is also broad enough to allow for compensation reductions as well as a host of changes to non-compensation provisions of collective agreements.