Details of the Defined Contribution Plan Sample Clauses

Details of the Defined Contribution Plan. International City Managers Association-Retirement Corporation (ICMA-RC) or comparable Retirement Health Savings (RHS) Account model in accordance with the IRS. No minimum period of service is required for participation. • Employer contributions for those employees hired on or after July 1, 2010, for Fiscal Year 2010-11 as follows: 0 to 5 years: $212.24/month 6 to 10 years: $265.30/month 10+ years: $318.36/month An employee would ascend to the next level tier after the completion of the fifth year and the completion of the tenth year of service. • Indexing Contributions: Contributions above will be indexed at a 2 percent fixed rate annually. Indexed contributions for the term of this contract are as follows: 0-5 Years $234.32/Mo. $239.01/Mo. 6-10 Years $292.91/Mo. $298.77/Mo. 10+ Years $351.49/Mo. $358.52/Mo. • Vesting of Employer Contributions: 100 percent after five years of continuous service with the City.
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Details of the Defined Contribution Plan. International City Managers Association-Retirement Corporation (ICMA-RC) or comparable Retirees Health Savings Account model in accordance with the IRS. No minimum period of service is required for participation. • Employer contributions for those employees hired on or after July 1, 2010, for Fiscal Year 2010-11 as follows: 0 to 5 years: $212.24/month 6 to 10 years: $265.30/month 10+ years: $318.36/month An employee would ascend to the next level tier after the comple- tion of the fifth year and the completion of the tenth year of service. • Indexing Contributions: Contributions above will be indexed at a 2 percent fixed rate effective at the beginning of each fiscal year after implementation of the Defined Contribution Plan. Indexed contributions for the term of this contract are as follows: Employee Year Fiscal Year 2012-13 Fiscal Year 2013-14 Fiscal Year 2014-15 0 to 5 Years $220.81/month $225.23/month $229.73/month 6 to 10 Years $276.02/month $281.54/month $287.17/month 10+ Years $331.22/month $337.84/month $344.60/month • Vesting of Employer Contributions: 100 percent after five years of continuous service with the City.

Related to Details of the Defined Contribution 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

  • 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.

  • City Contribution 387. The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • AGGREGATION PLAN Competitive Supplier agrees that it has been provided with and had a reasonable opportunity to examine, and has examined, the Aggregation Plan, and has not discerned any conflicts between this Agreement and the Aggregation Plan. The Parties agree that the Aggregation Plan, in the form as it exists on the Effective Date, shall be construed harmoniously with this Agreement to the greatest practicable extent. Notwithstanding the foregoing, in the event of any conflict between this Agreement and the Aggregation Plan, the Agreement shall govern.

  • Group Dental Plan Upon proper application, Benefit Eligible Employees will be enrolled, along with their eligible dependents, in the Employer's group dental plan and will be provided with the coverages specified therein. The Employer will pay the required premiums for the plan on a single/family composite basis.

  • 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.

  • Long Term Cost Evaluation Criterion 4. READ CAREFULLY and see in the RFP document under "Proposal Scoring and Evaluation". Points will be assigned to this criterion based on your answer to this Attribute. Points are awarded if you agree not increase your catalog prices (as defined herein) more than X% annually over the previous year for the life of the contract, unless an exigent circumstance exists in the marketplace and the excess price increase which exceeds X% annually is supported by documentation provided by you and your suppliers and shared with TIPS, if requested. If you agree NOT to increase prices more than 5%, except when justified by supporting documentation, you are awarded 10 points; if 6% to 14%, except when justified by supporting documentation, you receive 1 to 9 points incrementally. Price increases 14% or greater, except when justified by supporting documentation, receive 0 points. increases will be 5% or less annually per question Required Confidentiality Claim Form Required Confidentiality Claim Form This completed form is required by TIPS. By submitting a response to this solicitation you agree to download from the “Attachments” section, complete according to the instructions on the form, then uploading the completed form, with any confidential attachments, if applicable, to the “Response Attachments” section titled “Confidentiality Form” in order to provide to TIPS the completed form titled, “CONFIDENTIALITY CLAIM FORM”. By completing this process, you provide us with the information we require to comply with the open record laws of the State of Texas as they may apply to your proposal submission. If you do not provide the form with your proposal, an award will not be made if your proposal is qualified for an award, until TIPS has an accurate, completed form from you. Read the form carefully before completing and if you have any questions, email Xxxx Xxxxxx at TIPS at xxxx.xxxxxx@xxxx-xxx.xxx 8 Choice of Law clauses with TIPS Members If the vendor is awarded a contract with TIPS under this solicitation, the vendor agrees to make any Choice of Law clauses in any contract or agreement entered into between the awarded vendor and with a TIPS member entity to read as follows: "Choice of law shall be the laws of the state where the customer resides" or words to that effect. 9

  • 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.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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