Sentences with phrase «on salary reduction»

Contributions to the plan are tax - deductible and the employer must match up to 3 % of the contributions or make a nonelective (not based on salary reduction) contribution.

Not exact matches

The finance industry is built on processing information, which makes it an ideal industry for automation and reduction of salary expenditure, according to a new report from PwC.

A highlight here for personnel that grew 0.1 % year - on - year, a good performance, but looking to the structural part of it, there are salaries and benefits, we had a reduction of 1.7 % despite the 2.7 % increase in salaries last year.

Question: Will the fiduciary standard for brokers compel employers that offer salary reduction retirement savings plans ie 401 (k), 457 (b), 403 (b) to make sure that no - load / de minimis cost investment funds are on the plan's investment menu?

This been accomplished in several ways: 85 % have scaled back on their exploration and development plans; 68 % have reduced their marketing and investor relations budget; 60 % have already begun laying off existing employees; 40 % have implemented organization - wide hiring restrictions; 34 % noted a reduction or elimination of incentive pay; and 32 % have made salary cuts.

A 401 (k) plan is a qualified employer - established plan to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and / or pretax basis.

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 % reductions.

I desagree regarding JW being ordenery he is not he is a weary special player but injury players on his mind and he canot shake it off so soon it takes a long time for injuries forgotten, as for salary even with a salary reduction he will still earn more then most Totenham players so he should shut up and if he becomes injury free and players like he realy can then I'm sure Arsenal will top his wages

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.

«Given the savings that the department must make over the next few years, we recommend that it review its practice on bonuses and consider whether, within government guidelines, increasing performance - related bonuses for those at the lower end of salary scales, with a consequent reduction for its higher - paid senior staff, might help to improve staff morale,» the report stated.

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.

No individual reform on the public agenda — neither merit pay, class size reduction, salary jumps for teachers, nor Race to the Top — can claim or even hope for anything close to that level of impact.

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.

3) The public thinks less money should be spent on class - size reduction relative to the amount spent on teacher salaries or new books and technologies, if they are told the relative price of each intervention.

However, most courts that have historically entered into educational policy areas other than funding have discouraged real structural changes, focusing instead on the continuation of past policies, such as class size reduction or across - the - board salary increases for teachers, which carry with them increased funding.

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.

The first benefit you receive is an immediate reduction in taxes because your contribution, which comes from your salary, is made before you have to pay taxes on it (see examples of other common tax deductions here).

401k Retirement Plan - Allows eligible employees to make salary deferral (salary reduction) contributions on a pretax and / or post-tax basis.

As an employer, you must match each employee's salary reduction contribution on a dollar - for - dollar basis up to 3 % of the employee's compensation.

Initiatives include a reduction in personnel (4 people or 16 % of employees), a reorganization of staff in key areas, a 20 % reduction in the director's salary, increasing contributed and earned revenue, and reducing the draw on the museum's investments.

... 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.

This entitled employees to a full pension, without reduction, based on final salary.

You see the budget cuts, announced layoffs, operating losses and even salary reductions going on in your company.

Salary Packaging available to staff based on our PBI (Public benevolent institution) status, providing additional reduction in tax payable.