Contributory Defined Contribution Retirement Plan Sample Clauses

Contributory Defined Contribution Retirement Plan a. All eligible full-time and part-time employees will have the opportunity to participate in the Temple University Health System Defined Contribution Retirement Plan. Participation in this voluntary plan requires employees to contribute 4.5% of base wages. Temple will match the employee’s four and one-half percent (4.5%) contribution, in accordance with the following: Years of Participation in Plan Beginning on or after January 1, 2007 TUHS Contribution Less than 3 4.5% At least 3 but less than 5 5.0% At least 5 but less than 7 6.5% 7 or more 8.5%
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Contributory Defined Contribution Retirement Plan. (a) Effective January 1, 2007, participation in this voluntary plan requires employees to contribute 4.5% of base wages. Temple will match the employees’ four and one-half percent (4.5%) contribution in accordance with the following: Years of Participation in Plan Beginning January 1, 2007 Temple Contribution Less than 3 4.5% At least 3 but less than 5 5.0% At least 5 but less than 7 6.5% 7 or more 8.5%
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Contributory Defined Contribution Retirement Plan. (a) All eligible full-time and regular part-time employees currently participating in the Temple University Health System Defined Contribution Retirement Plan will continue in that plan. Non-participating employees need to complete new enrollment forms to begin participating in this plan.
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Contributory Defined Contribution Retirement Plan. All eligible full-time and part-time employees will have the opportunity to participate in the Temple University Health System Defined Contribution Retirement Plan. Participation in this voluntary plan requires employees to contribute 4.5% of base wages. Temple will match the employee’s four and one-half percent (4.5%) contribution, in accordance with the following: Years of Participation in Plan Beginning on or after January 1, 2007 TUHS Contribution Less than 3 4.5% At least 3 but less than 5 5.0% At least 5 but less than 7 6.5% 7 or more 8.5% Vesting for this plan is three (3) years of service where the employee has worked at least 1000 hours per year. Vesting credit received by employees under the Hospital’s former plans or Temple University Health System retirement plans will be applied toward this plan. New full-time employees are eligible to participate in this plan on the first of the month following the employee’s month of hire. Participation is contingent upon the employee’s completion and delivery of the appropriate enrollment forms to the Human Resources office.
Sample 1

Related to Contributory Defined Contribution Retirement Plan

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

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