Deemed Severance From Employment While in Military Service. When a Participant is still considered an Employee but in military service and deemed to have had a Severance from Employment. Any distributions pursuant to this feature shall also trigger the mandatory suspension of contributions to the extent required by Code section 414(u)(12)(B)(ii).
Appears in 3 contracts
Samples: files.nc.gov, www.myncretirement.com, files.nc.gov
Deemed Severance From Employment While in Military Service. When a Participant the Employee is still considered an Employee but in military service and deemed to have had a Severance from Employment. Any distributions pursuant to this feature shall also trigger the mandatory suspension of contributions to the extent required by Code section 414(u)(12)(B)(ii).
Appears in 2 contracts
Samples: files.nc.gov, files.nc.gov
