Perform Minnesota Post Retirement Investment Fund Participation Valuation Sample Clauses

Perform Minnesota Post Retirement Investment Fund Participation Valuation. Value the participation of each of the nine pension plans covered by the joint post retirement adjustment mechanism, the Minnesota Post Retirement Investment Fund (MPRIF), for use in the calculation by the State Board of Investment (SBI) of automatic annual post retirement adjustments, with a reporting of those results primarily to the SBI. An identical calculation for the Minneapolis Employees Retirement Fund (MERF) Retirement Benefit Fund will be performed, with results reported to the MERF Board of Trustees. The MPRIF is a separate pooled investment fund in which assets equal to the actuarially determined required reserves for retirement annuities and some disability benefits of most of the statewide plans are segregated in order to account for the applicable investment performance. The MPRIF is administered by the SBI and provides annual permanent percentage post retirement adjustments based in part on the percentage increase in the Consumer Price Index and in part on the investment performance of the investment fund on a total time-weighted rate of return basis. MERF’s Retirement Benefit Fund functions similarly and the applicable required reserves are valued by the actuary retained by the joint administrators.
Sample 1
AutoNDA by SimpleDocs

Related to Perform Minnesota Post Retirement Investment Fund Participation Valuation

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

  • Narrow Participation Retirement Fund A fund established in Guernsey to provide retirement, disability, or death benefits to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that:

  • RETIREMENT PICK-UP 257. For the term of this Agreement, the CITY shall pick up the full amount of the employees’ contribution to retirement.

  • Retirement Contribution 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. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!