Contribution limit: employer ordinary annual contributions must be reasonable and approved, measured by employee length of service. The rule requires the employer's ordinary annual contribution to a fund to be made on a reasonable basis and approved by the approving authority, taking ... Summary
Contribution limit: employer ordinary annual contributions must be reasonable and approved, measured by employee length of service.
The rule requires the employer's ordinary annual contribution to a fund to be made on a reasonable basis and approved by the approving authority, taking into account each employee's length of service, and establishes a ceiling on contributions measured against each employee's salary during the year.
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