Retirement Plan Participation. Participation in the retirement plan shall be consistent with the requirements of the California Public Employees’ Pension Reform Act of 2013 as it is currently enacted and as it is amended in the future, and its implementing regulations, referred to hereinafter collectively as “PEPRA”. To the extent PEPRA conflicts with any provision of this MOU, PEPRA will govern.
Retirement Plan Participation. All employees of the University are covered by the provisions of the Ohio Revised Code and participate in the Ohio Public Employee Retirement System (OPERS), the State Teachers' Retirement System (STRS) or, if eligible, an Alternative Retirement Plan (ARP). The University and the Union agree to abide by any and all rules and regulations now in effect or subsequently enacted by State of Ohio legislation, OPERS, STRS and the Alternative Retirement Plan documents. The University shall pick up the OPERS, STRS and ARP contributions for each employee on a pre-tax basis.
Retirement Plan Participation. Mandatory enrollment will be at the age of twenty-one (21) and one (1) year of service for full time Officers. Officers will be vested in the Defined Benefit and the Defined Contribution portions of ERIP upon three (3) years participation.
Retirement Plan Participation. All employees of the University come under the provisions of the Public Employee Retirement System (PERS) or the State Teachers’ Retirement System (STRS). The University and the Union agree to abide by any and all rules and regulations now in effect or subsequently enacted by PERS or STRS. The University shall pick up the PERS or STRS contribution for each employee on a pre-tax basis. Eligible employees may elect an alternate retirement plan (ARP) in accordance with the Ohio Revised Code.
Retirement Plan Participation. Benefit accruals and contributions under the Retirement Plan and Supplemental Executive Retirement Plan, including matching contributions, will end as of the Separation Date; provided, however, that your deferral elections with respect to (i) the lump sum payment to you pursuant to Section 5 of this Agreement with respect to unused accrued vacation; and (ii) compensation payable to you pursuant to the Fiscal Year 2014 AIP as described in Section 8 of this Agreement, shall remain in full force and effect.
Retirement Plan Participation. Employees will be eligible to participate in the Organization’s 401(k) Employee Retirement Plan, which includes both a traditional 401(k) plan and a Xxxx 401(k) plan. Financial Retirement Planning presentations will be offered by the Organization once annually for all staff regardless of office location and (employees outside of the DC office will be able to join such presentations via phone call and/or video conference). The Organization will provide the Guild with at least two (2) weeks’ notice for this session. There will be no charge to employees for these presentations, and employees will be afforded the opportunity for brief individualized consultation with adviser(s) for as long as these services are provided by Xxxxx Wealth Management.
Retirement Plan Participation. As a condition of their employment, all regular full-time employees who have attained the age of twenty and one-half (20½) years and who have satisfactorily completed the initial probationary period are, on the April 1st or October 1st immediately thereafter, required to participate in and make contributions to the Employer's Retirement Plan which provides retirement benefits to participating employees. The Plan Document, which shall be available for inspection by employees, governs all questions of eligibility, participation, contributions and benefits.
Retirement Plan Participation. The Organization will continue to maintain The American Fund Retirement Plan or a substantially comparable insurance plan. For each full-time, permanent employee who has completed 120 days of employment, the employee is entitled to make pre-tax and XXXX contributions from their salary up to the legal limit set forth by the IRS. The Organization will also provide a 1:1 match for all employee contributions up to 5% of the employee’s salary. Employees may also contribute any whole percentage of their base salary to their retirement plan through pre-tax salary deduction, within the IRS limits. America Votes 401(k) plan allows qualified employees to enroll at the beginning of each month.
Retirement Plan Participation. Enrollment in the University’s Retirement Income Plan for Employees (ERIP) is mandatory for Officers who are twenty-one (21) years old or older, and who work at least 1,000 hours annually. Officers earn benefits under ERIP beginning on their one-year anniversary of employment. ERIP is a 403(b) defined contribution plan that provides benefits through retirement savings accounts. Under ERIP, Officers establish an account into which both the Officer and the University contribute a percentage of her/his pay each pay period. The University contributes 4% of an Officer’s compensation and Officers contribute a mandatory 3% by payroll deduction. Officers have the option to voluntarily contribute up to an additional 2% which will be matched up to 4% by the University. Refer to Appendix E for the ERIP Summary Plan Description.
Retirement Plan Participation. Benefit accruals and contributions under the Retirement Plan and Supplemental Executive Retirement Plan, including matching contributions, will end as of your Separation Date; provided however, that your deferral elections, if any, with respect to any compensation payable to you pursuant to the Fiscal Year 2016 AIP shall remain in full force and effect. Employee Page 1 of 8 Xxxxxx
