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

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.

Examples of Accumulated deductions in a sentence

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

• Accumulated deductions for the purchase or restoration of service credit shall be refundable only upon termination of covered employment pursuant to section 3307.56 of the Revised Code, except that upon the request of the member, the cost of credit purchased by payroll deduction may be refunded for the reasons set forth in division (G) of rule 3307:1-3-02 of the Administrative Code.

• Accumulated deductions will include interest from date of termination until the earlier of the date of the commencement of the annuity or the date of payment of member contributions.

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

• No relation above - Accumulated deductions paid to other beneficiary or estate.In addition, the employer-paid lump sum ordinary death benefit is paid.Optional Benefits: Various forms of payment of equivalent actuarial value are available to retirees.Special Benefits:VETERANSService Retirement:Eligible if member on January 2, 1955, attains age 60, completes 20 years of service.

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.