Sentences with phrase «salary reduction»

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.

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

Also called salary reduction contributions, these are the most common types of contributions to retirement plans.

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.

Contributions are made by your employer through salary reduction agreements.

Contributions are made through salary reduction in one of two ways: either as a percentage of salary for the year, or a specific dollar amount.

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.

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).

In addition, Lt. Governor Robert J. Duffy and newly hired senior members of the Cuomo Administration who are filling existing positions in the Executive Chamber are also taking salary reductions and have agreed to take a pay cut of 5 percent from their predecessors» salaries.

States and districts with large unfunded liabilities are now scrambling to find the dollars to pay up, resulting in painful cuts in other areas, including salary reductions for current teachers.

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?

It enables employees to make pretax contributions by salary reduction agreements structured within the format of a cash or deferred plan.

A sample salary reduction agreement form is available online and is included in the Fidelity SIMPLE IRA employee enrollment kit.

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.

Similar salary reductions will be made throughout ESDC in a nod to the state's fiscal difficulties.

According to some civil servants who spoke on anonymity, the government has subtly commenced downsizing and technically introduced salary reduction.

Any substantial salary reduction would mean «hardship for many,» especially postdoc parents.

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.

This could be funded through pre-tax salary reduction.

Salaries of justices of the supreme court, of the judges of the court of appeals, of the circuit judges within a circuit, and of the probate judges within a county or district, shall be uniform, and may be increased but shall not be decreased during a term of office except and only to the extent of a general salary reduction in all other branches of government.

Contributions to the plan are tax - deductible and you, as the employer, must match up to 3 % of the contributions or make a nonelective (not based on salary reduction) contribution to your SIMPLE IRA or your employee's SIMPLE IRA.

In addition, LG Bob Duffy and newly hired senior members of the Cuomo administration who are filling existing positions in the executive chamber are also taking salary reductions and have agreed to take a pay cut of five percent from their predecessors» salaries.

The reform is just what the doctor ordered for the millions of workers, public and private, that contribute (and have been for decades) to their employer's salary reduction retirement savings plans, i.e; 457 (b), 403 (b), 401 (k).

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

Teachers in the ERPaid plan should be credited with their portion of the contribution they make through salary reductions or other means.

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.

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.

His new company became his tribe, and although there were some tough times during the early years — the dot - com crash, layoffs, salary reductions, and extremely long hours — Hsieh's focus was always about making the company culture as positive and caring and fun as possible.

Despite the fact that Chrysler lost nearly $ 500 million in 1981, the Salary Reduction Program ended that year, and executive salaries were restored to their 1979 level.

Iacocca himself received over $ 360,000 in salary supplemental payments, and director's fees in 1981 - including «amounts paid in accordance with the Salary Reduction Program,» according to documents filed with the Securities and Exchange Commission.

Your employees complete the Salary Reduction Agreement Form and return it to you or your payroll office (it does not go to Fidelity).

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.

After reviewing fund prospectuses, employees must complete a SIMPLE / SEP IRA Application and Transfer Request form (if applicable), as well as a Salary Reduction Agreement.

Despite numerous congressional actions and authorizations (salary reductions, 1981, small business safe harbor, 1996; automatic enrollment, 1998; and increasing deferrals) the number of 401 (k) plans and participants has slowed to a crawl over the past decade.

Brenham, TX — Due to the extended timeline required to ensure the highest quality and safety of Blue Bell's products when the company resumes production, and because supply and distribution will be limited for some time to come, Blue Bell Creameries CEO and President Paul Kruse today announced «the agonizing decision» that the company will have to reduce the size of its work force and take other cost - cutting measures, including furloughs and salary reductions.

Theo will most likely need to accept a salary reduction to leave.

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

It might mean major re-negotiations with organized labor, because the switch to a payroll tax would also technically cause a salary reduction for workers.

Please offer to have your members take a salary reduction to save their fellow union member's jobs.

In it, union employees agreed to a salary reduction of 2 percent in 2017 and 2018.

TIAA UWS Retirement Plan * Staff Salary Reduction Form * Faculty Salary Reduction Form * Name Change * Summary Plan Description *

To be truly effective, pay for performance must mean in education what it does in other industries — salary increases for the successful, and salary reductions, even dismissals, for poor performers.

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 ERPaid plan, the employer pays the entire contribution to the retirement system, with teachers contributing through a salary reduction or in lieu of a pay increase.

As if those budgets weren't already spare enough, libraries are constantly under threat of further cuts, manpower and salary reductions, and outright closure.

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.