Purpose of Retirements Savings Plan. The plan will require participation by the employee in a tax sheltered account (TSA) plan. The District will match the employee’s deposit in TSA plan as stated below.
Purpose of Retirements Savings Plan Sample Clauses
Related to Purpose of Retirements Savings Plan
Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.
Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.
