Sentences with phrase «by salary reduction»

Although employers pay for HRAs, an HRA can not be provided by salary reduction or IRC Sec. 125 plans.

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).

By that he meant a total cap on player salaries, which is a main element of the new agreement — an $ 825,000 per annum maximum payroll for each club, to be achieved by mandatory annual 10 % reductionBy that he meant a total cap on player salaries, which is a main element of the new agreement — an $ 825,000 per annum maximum payroll for each club, to be achieved by mandatory annual 10 % reductionby mandatory annual 10 % reductions.

Goals such as debt reduction, home ownership, and prospering on one salary — not to mention attaining a less materialistic attitude — may be achieved by adopting some of the attitudes and practices creatively presented in this book based on a very successful homespun newsletter.

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.

His multi-part plan, among other things, calls for a 2 percent cap on property taxes; no increase in sales, income and business taxes; a freeze on public - union salaries — and a reduction of government agencies by one - fifth.

While there may be other mechanisms through which increased school spending improves student outcomes, these results suggest that the positive effects are driven, at least in part, by some combination of reductions in class size, having more adults per student in schools, increases in instructional time, and increases in teacher salaries that may help to attract and retain a more highly qualified teaching workforce.

Hawaii decided to fix their budget shortfall by eliminating 17 days from this school year in exchange for an 8 percent reduction in teacher salaries.

The government now offers two kinds of benefits: a dependent - care tax credit — equal to 20 to 30 percent of expenses, depending on parents» income level — that limits expenses to $ 2,400 for one child or $ 4,800 for two or more children; and so - called «salary reduction plans» that permit parents to have day - care costs withheld from their salary and reimbursed by employers without being taxed.

By contrast, roughly equal numbers of teachers would choose salary increases as would choose class - size reduction.

Even when they are told that «reducing average class sizes by three students would cost roughly the same amount as increasing teacher salaries by $ 10,000,» 44 percent of Americans select class - size reduction, whereas 28 percent select increasing teacher salaries.

Class Size Reduction Question: Reducing average class sizes by 3 students would cost roughly the same amount as increasing teacher salaries by $ 10,000.

Each program participant who has been issued an optional retirement program contract may contribute by way of salary reduction or deduction a percentage of the program participant's gross compensation, but this percentage may not exceed the corresponding percentage contributed by the Florida College System institution to the optional retirement program.

In the event of a reduction of duty days, the salary schedule shall be reduced by.5 % for each day reduced.

Under North Carolina's new principal pay plan, this school leader could see a reduction in her annual salary by nearly $ 20,000 next year.

If an employee participates in multiple cafeteria plans offering health FSA's maintained by members of a controlled group or affiliated service group, the employee's total health FSA salary reduction contributions under all of the cafeteria plans are limited to $ 2,500.

Here, the motion judge found that the termination of Mr. Punzo's employment, followed by a lengthy period of unemployment and subsequent re-employment at a substantially lower salary constituted a material change that warranted a reduction in child and spousal support.

(C) In the case of an employee who is eligible to purchase coverage under an eligible employer - sponsored plan sponsored by the employee's employer, the required contribution is the portion of the annual premium that the employee would pay (whether through salary reduction or otherwise) for the lowest cost self - only coverage.

The report, conducted by Altus Group Economic Consulting, says the economic losses incurred by the City of Toronto between 2008 and 2013 include a loss of 38,278 resale home transactions, a loss of $ 2.3 billion in economic activity, a reduction of $ 1.2 billion in GDP, a loss of 14,934 full - time jobs and a loss of $ 772 million in wages and salaries.