Common use of Other Alternative Normal Retirement Benefit for Public Safety Employees Only Clause in Contracts

Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): . In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum age parameters for In-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must specify - specific positions are permissible; specific individuals may not be named): . A public safety employee Participant (check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 4 contracts

Samples: Defined Benefit Retirement Plan, Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan

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Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): . In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum age parameters for In-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must specify - specific positions are permissible; specific individuals may not be named): . A public safety employee Participant (check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1.401-1(b)(1)(i)): .):

Appears in 2 contracts

Samples: Defined Benefit Retirement Plan Adoption Agreement, Defined Benefit Retirement Plan Adoption Agreement

Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): . In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum age parameters for In-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Document, subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check to(check one): all Participants only the following class(es) of Participants (must Participants(must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must Participants(must specify - specific positions are permissible; specific individuals may not be named): . A public safety employee Participant (check Participant(check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must requirement(must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): Attainment of age 50 and completion of at least 20 years of Total Credited Service. See General Addendum subsection 16(e) regarding calculation of Total Credited Service for benefit eligibility purposes. In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum is at least age parameters for In50 (unless a lower safe-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must specify - specific positions are permissible; specific individuals may not be named): Vested Police and fire personnel and Vested former police and fire personnel, as defined in General Addendum subsection 16(d), provided they have at least five (5) years of Credited Service as a Participant in this Plan while employed as police and fire personnel. A public safety employee Participant (check one): is required is not required to be in the service of the Employer at the time the Participant satisfies the qualifications for this alternative normal retirement benefit. is required is not time he satisfies the Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

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Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): . In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum is at least age parameters for In50 (unless a lower safe-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must specify - specific positions are permissible; specific individuals may not be named): . A public safety employee Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1.401-1(b)(1)(i)): protection, firefighting services, or emergency medical services for any area within the jurisdiction of such State or political subdivision.

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

Other Alternative Normal Retirement Benefit for Public Safety Employees Only. Must specify qualifications (in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): Attainment of age 50 and completion of at least 20 years of Total Credited Service. See General Addendum subsection 16(e) regarding calculation of Total Credited Service for benefit eligibility purposes for Participants who commenced Participation in the Plan prior to July 1, 2023. In-Service Distribution to Eligible Employees who are Public Safety Employees permitted (i.e., a qualifying Participant may commence receiving retirement benefits while in service without first incurring a Bona Fide Separation from Service), if the Participant meets minimum age and service requirements specified immediately above and satisfies the minimum is at least age parameters for In50 (unless a lower safe-Service Distribution Described in Section 6.06(a)(3) of the Basic Plan Documentharbor age is permitted under applicable federal law), subject to applicable Plan provisions concerning recalculation and offset applied at re-retirement to account for the value of benefits received prior to re-retirement. This rule shall apply to (check one): all Participants only the following class(es) of Participants (must specify - specific positions are permissible; specific individuals may not be named): . This alternative normal retirement benefit is available to: All public safety employee Participants who qualify. Only the following public safety employee Participants (must specify - specific positions are permissible; specific individuals may not be named): Vested Police and fire personnel and Vested former police and fire personnel, as defined in General Addendum subsection 16(d), provided they have at least five (5) years of Credited Service as a Participant in this Plan while employed as police and fire personnel or former police and fire personnel. A public safety employee Participant (check one): is required is not required to be in the service of the Employer at the time the Participant he satisfies the qualifications for this alternative normal retirement benefit. Other eligibility requirement (must specify in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401- 1(b)(1)(i)): .

Appears in 1 contract

Samples: Defined Benefit Retirement Plan

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