Common use of How Contributions are Applied Clause in Contracts

How Contributions are Applied. There are two six-month allocation windows during which contributions are totaled and divided by the monthly contribution amounts to establish the months for which you are credited with a month toward RSP eligibility. The fixed windows are October through March and April through September. RSP contributions are applied within these six-month windows and will not carry forward into the next six-month period. A "Month of Retirement Security Plan Contributions" for purposes of Plan eligibility means the full month's contribution was paid to TBT on your behalf.

Appears in 4 contracts

Samples: www.tbtfund.org, www.tbtfund.org, www.tbtfund.org

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