Insurance Premiums and Retirement System Contributions Sample Clauses

Insurance Premiums and Retirement System Contributions. In accordance with the Illinois State Employees Group Insurance Act of 1971, 127 Ill. Rev. Stat. 521 et seq., as amended from time to time an employee on leave of absence without pay may continue coverage under University sponsored insurance plans. If the employee is on leave of absence without pay, it will be necessary for the employee to arrange for premium payments during the period of the leave at the Offices of Human Resources. If the individual is on leave of absence with pay, the insurance premiums will continue to be deducted from the employee's pay. In accordance with the Illinois Pension Code, 108½ Ill. Rev. Stat. 1-101 et seq., as amended from time to time, an employee on leave of absence without pay (except while under worker's compensation for injury) must make contributions to the State Universities Retirement System in order to continue eligibility for additional death and disability benefits and to earn credit toward the retirement annuity. An employee wishing to make such contributions must file an Election to Make Contributions on the State Universities Retirement System form available from the Offices of Human Resources or from the State Universities Retirement System office. The form must be received by the Retirement System within thii1y (30) days following the beginning date of leave without pay.
Sample 1
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Insurance Premiums and Retirement System Contributions. 48 49 ARTICLE XIV NON-TENURE TRACK FACULTY/ADMINISTRATION CONFERENCES ......................................................................................... 50 Section 15.1 REDUCTION IN FORCE DEFINED ........................................................... 51 Section 15.2 REDUCTION IN FORCE PROCEDURES .................................................. 52 Section 15.3 Section 15.4 NOTICE PRIOR TO A REDUCTION IN FORCE....................................... RECALL RIGHTS OF REDUCED OR TERMINATED NON-TENURE TRACK FACULTY MEMBERS .................................................................. 53 54 Section 15.5 UNIVERSITY RIGHTS REGARDING TENURE TRACK POSITIONS... 55 Section 17.1 COMPLETE UNDERSTANDING ............................................................... 57 Section 17.2 MAINTENANCE OF STANDARDS ........................................................... 57 Section 17.3 INDIVIDUAL UNDERSTANDINGS .......................................................... 57 Section 17.4 NO STRIKE/NO LOCKOUT........................................................................ 57 Section 17.5 SAVINGS CLAUSE...................................................................................... 58 Section 17.6 FUTURE NEGOTIATIONS ......................................................................... 58 Section 17.7 DURATION OF AGREEMENT................................................................... 58
Sample 1
Insurance Premiums and Retirement System Contributions. In accordance with the Illinois State Employee Group Insurance Act of 1971, 127 Ill. Rev. Stat. 521 et seq., as amended from time to time, an eligible bargaining unit member on leave of absence without pay may continue coverage under University sponsored insurance plans. If the eligible bargaining unit member is on leave of absence without pay, it will be necessary for her/him to arrange for premium payments during the period of the leave at the Offices of Human Resources. If the eligible bargaining unit member is on leave of absence with pay, the insurance premiums will continue to be deducted from her/his pay. In accordance with the Illinois Pension Code, 108 1/2 Ill. Rev. Stat. 1-101 et seq., as amended from time to time, an eligible bargaining unit member on leave of absence without pay (except while under worker’s compensation for injury) must make contributions to the State Universities Retirement System in order to continue eligibility for additional death and disability benefits and to earn credit toward the retirement annuity. An eligible bargaining unit member wishing to make such contributions must file an Election to Make Contributions on the State Universities Retirement System form available from the Offices of Human Resources or from the State Universities Retirement System office. The form must be received by the Retirement System within thirty (30) days following the beginning date of leave without pay.
Sample 1

Related to Insurance Premiums and Retirement System Contributions

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Retirement Plans (a) 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 (“Qualified 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, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Deferred Retirement a. An employee who is eligible for paid retirement at the time he or she separates from County service, but elects deferred retirement, may defer participation in the Grant until such time as he or she becomes an active retiree. b. An otherwise eligible employee who is not eligible for paid retirement at the time he or she separates from County service but is eligible for and elects deferred retirement shall not become eligible for participation in the Grant.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

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