Additional Voluntary Contributions. Effective January 1, 2022, all members in the DB provisions of the Harmonized Pension Plan can participate in the Additional Voluntary Contributions (AVC) feature of the Harmonized Plan and have the option to contribute up to 3% of their base pay as AVCs into the Harmonized DB Pension Plan.
Additional Voluntary Contributions. 8.1 The AVC Fund shall be disregarded for all purposes of this Schedule except paragraphs 8.2 and 8.3.
Additional Voluntary Contributions. In addition to the funding otherwise called for by this Section E, either the Association, in its discretion, or the Clubs, in their discretion, may contribute additional amounts to IGF for use in the activities described in Section B above.
Additional Voluntary Contributions. Your voluntary contributions will be deposited into the Pension Fund and will accumulate interest at a rate approximating that earned by the Pension Fund until you retire. At retirement, your voluntary contributions plus interest may be used to purchase an additional pension. Early Retirement Pension Early retirement is permitted, any time after you have reached age 55. If you retire early, your annual pension will be calculated the same way as your normal retirement pension based on your contributions to the date of early retirement. Your pension is then reduced by % of 1% for each month that your early retirement date precedes your normal retirement date. The pension is reduced because payments are expected to be made over a longer period of time, than if you had retired at age 65. Effective July 1, 2004, if you are over 60 with 30 or more years of service, your pension will be unreduced. Postponed Retirement Pension Postponed retirement is permitted, with Company consent, up to your 69th birthday. Your contributions will continue. At actual retirement, you will receive a greater pension than the benefit you would have received at normal retirement.
Additional Voluntary Contributions. Nothing in this Schedule shall apply to AVCs or to benefits secured by them. However, the Authorities shall use reasonable endeavours to ensure that the assets representing each Transferring Member's AVCs in the Fund (if any) shall be transferred to the Contractor’s Scheme. The Contractor shall (and shall procure that each relevant sub-contractor shall) ensure that the Contractor’s Scheme provides benefits for each relevant Transferring Member which are equivalent to the assets transferred.
Additional Voluntary Contributions. As members of this programme, employees are permitted under the Income Tax Act to contribute up to 18% of income into Retirement Savings Plans, For this calculation, income includes premiums and any other income.
Additional Voluntary Contributions. Employees meeting the above criteria have the option to contribute an additional 1%, 2%, or 3% of their annual salary which can be directed to the pre- tax or Xxxx options. This contribution is matched at 50% by the museum. Note: Enrollment for the RC is on a quarterly basis (January 1, April 1, July 1 and October 1). Retirement Choice Plus Plan (RCP) – 407131 Section 4 - Voluntary Contributions- All employees are eligible to participate in the voluntary 403(b) RCP Plan immediately upon hire. This plan is not eligible for the employer match, but contributions can be directed to pre-tax or Xxxx options. How to enroll in the 403(b) Complete this enrollment form and forward to the Human Resources Department. You will also need to create an account on the secure TIAA website at xxxxx://xxx.xxxx.xxx/philamuseum. 403(b) Investment Selection To view a complete list of investment options and fund performance, visit: xxxxx://xxx.xxxx.xxx/philamuseum Option A: Contributions automatically directed to an age-appropriate Lifecycle fund.
Additional Voluntary Contributions. You may contribute in excess of your basic contributions by payroll deduction but not more than the amount allowed as a tax deduction under the of the Income Tax Act.
Additional Voluntary Contributions. Each Member may elect to make additional voluntary contributions for the purpose of increasing the pension benefits. Such contributions will accumulate with Credited Interest and will be used at retirement to provide such additional amount of pension as may be provided based on the actuarial tables in force for Plan purposes at that time. Such additional voluntary contributions will be permitted up to the maximum amounts allowable under the Income Tax Act from time to time as a deduction in computing taxable income. Additional voluntary contributions will not be matched by University contributions nor will such contributions increase the Member's Pensionable Service in any way. Notwithstanding the above, a Member employed by the Waterloo Lutheran Seminary shall not be permitted to make additional voluntary contributions after June 30, 2014.
Additional Voluntary Contributions. A Member who prior to termination of employment had made additional voluntary contributions or who had deposited special lump sum voluntary contributions pursuant to Section 4.03(a), may elect one of the following settlements with respect to such contributions:
