Describe Elective Predecessor Employer Service Crediting Sample Clauses

Describe Elective Predecessor Employer Service Crediting. [Note: Under Election 12(b)(3), the Employer may describe service crediting from the elections available under Elections 12(b)(1) or (2), or a combination thereof as to a Participant group and/or Contribution Type (e.g., for all purposes credit all service with X, but credit service with Y only on/after 1/1/05 OR credit all service for all purposes with entities the Employer acquires after 12/31/04 OR service crediting for X Campus applies only for purposes of Nonelective Contributions and not for Matching Contributions).]
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Related to Describe Elective Predecessor Employer Service Crediting

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  • Safe Harbor The recipient government will then compare the reporting year’s actual tax revenue to the baseline. If actual tax revenue is greater than the baseline, Treasury will deem the recipient government not to have any recognized net reduction for the reporting year, and therefore to be in a safe harbor and outside the ambit of the offset provision. This approach is consistent with the ARPA, which contemplates recoupment of Fiscal Recovery Funds only in the event that such funds are used to offset a reduction in net tax revenue. If net tax revenue has not been reduced, this provision does not apply. In the event that actual tax revenue is above the baseline, the organic revenue growth that has occurred, plus any other revenue-raising changes, by definition must have been enough to offset the in-year costs of the covered changes.

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