Common Contracts
2 similar Retirement Plan contracts
Retirement Plan of theRetirement Plan • August 2nd, 2017 • Connecticut
In 1945, the City of Middletown (the “City”), a Connecticut municipality, adopted the Retirement System of the City of Middletown (the “Plan”). The Plan was and is intended to be a governmental retirement plan, as defined in Section 414(d) of the Internal Revenue Code (“Code”), and was and is intended to qualify as a defined benefit retirement plan under Section 401(a) of the Code. It is also intended that all Member Contributions to the Plan, except for those employees who are covered by the Police CBA, be “picked-up” (treated as pre-tax) and treated as employer contributions as described in Section 414(h) of the Code so that the contributions, when made, would not be taxable to the Members.
Retirement Plan of theRetirement Plan • August 2nd, 2017 • Connecticut
In 1945, the City of Middletown (the “City”), a Connecticut municipality, adopted the Retirement System of the City of Middletown (the “Plan”). The Plan was and is intended to be a governmental retirement plan, as defined in Section 414(d) of the Internal Revenue Code (“Code”), and was and is intended to qualify as a defined benefit retirement plan under Section 401(a) of the Code. It is also intended that all Member Contributions to the Plan, except for those employees who are covered by the Police CBA, be “picked-up” (treated as pre-tax) and treated as employer contributions as described in Section 414(h) of the Code so that the contributions, when made, would not be taxable to the Members.
