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.
Retirement Savings Plan. 1. The Corporation shall contribute .5% of the employee’s scheduled salary into a 401(A) plan.
2. Teachers under a temporary contract are not eligible for this benefit.
3. The company selected to implement this program will be selected by the employer.
4. To be vested, the employee must have a minimum of ten (10) years teaching experience in this school corporation.
5. To be vested in the 403b Buyout Retirement/Severance Plan, the employee must be at least fifty-five (55) years of age, have at least twenty (20) years of total teaching experience, and have a minimum of ten (10) years teaching experience in this school corporation. These benefits are not available to any teacher hired after 2001.
Retirement Savings Plan. To the extent not already vested pursuant to the terms of such plan, the Employee’s interests under the Parent’s retirement savings plan shall be automatically fully (i.e., 100%) vested, without regard to otherwise applicable percentages for the vesting of employer-matching contributions based upon the Employee’s years of service with the Company.
Retirement Savings Plan. For all members of the bargaining unit hired and enrolled in the USNH 403(b) Retirement Plan, the University System of New Hampshire shall provide retirement options as described in USNH benefit policy, summarized below:
5.1. Contribution levels for those enrolled in retirement plans on or after July 1, 2011:1
Retirement Savings Plan. The University System of New Hampshire offers eligible Lecturer Faculty members the opportunity to participate in a 403(b) voluntary defined contribution retirement plan. The Summary of Plan Provisions describes plan information, including but not limited to eligibility, enrollment, contribution levels, vesting (including breaks in service), beneficiaries, withdrawals, involuntary termination, additional retirement contributions, and annual limits. The Plan is subject to federal laws, such as the Internal Revenue Code (IRS) and other federal and state laws. The provisions of the Plan are subject to revision due to changes in laws or to pronouncement(s) by the IRS.
Retirement Savings Plan. 32.01 For all employees hired after December 13, 2007, the RRSP contribution specified in this section shall be available only to full time employees as defined in Appendix A-1.
Retirement Savings Plan. All employees who made the one-time election, or began employment on or after July 1, 2005, are limited to Option #2. The purpose of the Retirement Savings Plan is to encourage employees to develop a financial plan for their future by providing money, which would otherwise have been available at retirement, for investment during the course of employment with the District.
Retirement Savings Plan. A-4.01 The Employer shall provide for and administer payroll deductions for any employee who wishes to participate in the United food and Commercial Workers Union, Local No. 832, Group Retirement Savings Plan.
Retirement Savings Plan. The Board will allow the employees to voluntarily participate in a retirement plan. The employees utilizing the program will bear the cost of participation and contribution.
Retirement Savings Plan. The Association and the School Corporation will jointly interview vendors for the Tax Deferred Plans (401(a) and 501(c)(9) VEBA) for the retirement restructuring and annual retirement savings plans. The parties will attempt to mutually select one vendor for these plans. If the parties do not mutually agree to a vendor, then the Association may select the vendor for the teachers retirement buy-out and annual retirement savings plans. The School Corporation then may select a vendor for the other employees. Effective with the 2016-2017 school year, any change of vender will be made within twelve
