Voluntary plan

Voluntary plan

A pension plan supported partially by the employee by pension contributions deducted from each paycheck.

Voluntary Deductible Employee Contribution Plan

An optional, individual plan in which employees join a pension and pay the premiums by having their employer deduct a portion of their paycheck every month or pay period. The employer does not make any contributions to the plan and, as a result, employees may take the plan with them if they change jobs.
References in periodicals archive ?
The voluntary plan is expected to be a compromise between the Obama and Trump proposals.
The first part is focused on a voluntary plan for abstaining the general budget of the government from oil revenues, which highlights that it does not necessarily mean that the country must stop selling oil.
* Review our Voluntary Plan Guide at www.paidleave.wa.gov/voluntary-plans and decide whether a voluntary plan is right for your business.
Employers that already offer employees paid family and medical leave benefits may want to pursue the voluntary plan option under the law.
Employers who want to internally manage a paid family and medical leave plan for their employees may apply for a voluntary plan. Voluntary plans must be approved by ESD and employers will still need to meet the program's reporting requirements.
This distribution will be made in accordance with the Company's previously announced voluntary Plan of Liquidation and Dissolution that was approved by its shareholders at a special meeting of shareholders held on April 17, 2018.
"Our supplemental products go beyond what your typical indemnity-based voluntary plan can do when it comes to filling coverage gaps in a meaningful way," notes Charlotta Winslow-Jenkins, ArmadaCare's CMO.
The plan was expected to kick off in January when schools opened for the first term.BIG FOUR AGENDA"As part of the President's Big Four growth agenda, President Kenyatta directed Matiang'i (then Education Cabinet Secretary) to work with the Ministry of Health to enrol all three million secondary school students into the NHIF programme," read a statement released by the Presidential Strategic Communications Unit on December 20.It was not immediately clear how the NHIF will be funded should the children be enrolled as it currently runs on two funding models where those in the formal sector contribute Sh1,700 through compulsory membership while those in the informal sector and retirees pay Sh500 in an open and voluntary plan.
Fish and Wildlife Service declined to list the dunes sagebrush lizard under the Endangered Species Act, after the state comptroller's office finalized a voluntary plan meant to protect the lizard and conserve its habitat.
States have been concerned about how to "establish a voluntary plan consistent with ERISA preemption principals.
The legislation builds on President Obama's Stronger Together budget proposal and consists of a voluntary plan to support the development and expansion of new and existing community-driven strategies to increase diversity in schools.
ACORD will pursue "a voluntary plan that will certify that all interface follows standards rules." he said.

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