Accumulated deductions definition

Accumulated deductions means the sum of all the amounts, deducted from the compensation of a member or contributed by or on behalf of the member, standing to the credit of the member's individual account in the annuity savings fund.

Accumulated deductions means the total of the amounts deducted from the salary of a contributor and paid into the fund, and standing to the contributor's credit in the fund, and interest credited on those amounts at a rate established by the boardoffice.

Accumulated deductions means the total of the amounts deducted from the salary of

Examples of Accumulated deductions in a sentence

• Accumulated deductions will be refunded, without interest, within 30 days upon written request.

• Accumulated deductions are paid or transferred upon participant's withdrawal, death, or retirement.

• Accumulated deductions are your total member contributions and/or "pickup contributions" plus interest credits to the time of refund.

• Accumulated deductions are your total member contributions and/or “pickup contributions” plus interest credits to the time of refund.

• Definitions.--As used in this act: "Accumulated deductions" means the total amount deducted from the salary or compensation of the contributor and paid over by the municipality or paid by the member or from any existing pension or retirement system directly into the retirement fund and credited to the member's account, together with regular interest thereon, unless interest is excluded in a contract for an optional retirement plan entered into under the provisions of clause (11) of section 104 of this act.

More Definitions of Accumulated deductions

Accumulated deductions means those contributions as defined in N.J.S.18A:66-2 or in section 6 of P.L.1954, c.84 (C.43:15A-6).

Accumulated deductions means the total amount deducted from

Accumulated deductions means the total of pickup contributions and, the amounts deducted from the salary of a contributor and paid into the fund and standing to the credit of the members’ annuity reserve account, together with the regular interest thereon.

Accumulated deductions means the total of the amounts

Accumulated deductions means the] deductions." Either of

Accumulated deductions means accumulated deductions as defined in subdivision eleven of section 13-101 of the administrative- - -_.._---- code. ~~ "Optional retirement provisions" shall mean the right

Accumulated deductions means the sum of all amounts, deducted from the compensation of a member or contributed by him or on his behalf, standing to the credit of his individual account in the annuity saving fund.