457 Plan. Participants will need to complete a salary deferral election to begin making voluntary contributions to the 457 Plan. The annual maximum amount of voluntary contributions under the 457 Plan will be set forth in the plan documents and consistent with limitations under the Internal Revenue Code. The Employer will make matching contributions to the DC Plan based on the participants’ voluntary contributions under the 457 Plan, up to the maximum set forth in the table above in paragraph (b).
457 Plan. The School Corporation agrees to establish a 457(b) plan for voluntary employee contributions.
457 Plan. Carmel Clay Schools shall provide a salary reduction 457(b) deferred compensation plan for all interested teachers.
457 Plan. A 457 Plan will be made available to full-time employees commencing with the start of their employment.
457 Plan. The Board will establish a 457 Plan for, teachers who satisfy the requirement of Article 17, Section E. ARTICLE 42
457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name:
(a) The Alternate Payee is awarded $ from the Member's account balance as of _ , [insert date] combined with any pro rata earnings or losses on said amount from said date through the date of distribution to the Alternate Payee’s Account.
(b) The Alternate Payee is awarded % of the Member's account balance as of , [insert date] combined with any pro rata earnings or losses on the calculated amount from said date through the date of distribution to the Alternate Payee’s Account.
457 Plan. The City will offer to all its full-time employees the option of participating in the 457 Retirement Plan. The employee has the option to have the City contribute its 5% of his/her gross wages and/or the employee can contribute an additional amount as allowed by federal regulations. Enrollment requirements, employee contribution (for the Maine State Retirement System only), city contribution and benefit provisions shall be determined by state statute and/or City Council action.
457 Plan. Beginning July 1, 2004 The Ferndale Public Schools will establish an eligible IRC 457(b) Plan to which employees of the district defer compensation on a pre-tax basis and invest the deferred compensation for the purposes of providing retirement income.
457 Plan. Subject to any limitations imposed by law and by the terms of the District’s plan, Employee can participate in the District’s 457 plan. Employee is responsible to ensure that Employee’s contribution and the City’s contribution meet Internal Revenue Code Section 457 deferred compensation program requirements.
457 Plan. The Alternate Payee will receive the following amount of the Member’s account in an account in the Alternate Payee’s name.
(a) The Alternate Payee is awarded $ from the Member's account balance as of _ , [insert date] combined with any pro rata earnings or losses on said amount from said date through the date of distribution to the Alternate Payee’s Account.
(b) The Alternate Payee is awarded % of the Member's account balance as of , [insert date] combined with any pro rata earnings or losses on the calculated amount from said date through the date of distribution to the Alternate Payee’s Account.
(c) The parties elect not to divide the 457 account. The parties understand and agree that payment from the 457 Plan to the Alternate Payee shall be derived by applying the instructions in one of the two options above within approximately 90 days but not later than one hundred twenty (120) days after FPPA receives the original Certified Court Order approving this Agreement and application for payment has been made by the Alternate Payee.
1. The parties understand and agree that the Plan(s) are not obligated to provide to the Alternate Payee any type or form of benefit or any option not otherwise available to the Member or for which the Member is not eligible or has not properly and timely applied as required by the Plan.
2. The parties understand and agree that the Alternate Xxxxx's ongoing right to payments will terminate upon the involuntary termination of benefits (i.e. death) payable to the Member or upon the death of the Alternate Payee, whichever occurs first.
