Examples of ASRS employer in a sentence
If the member is currently receiving an LTD benefit and obtains a refund, the LTD benefit will stop.Eligibility for a RefundA member may request and receive a refund of contributions only if the member has terminated employment with all ASRS employers and has no verbal or written agreement (or contract) for future employment with any ASRS employer.
A member receives service credit only for the portion of service the ASRS has determined is eligible and that the member has paid for.B. A member does not receive service credit until both the ASRS employer and member portions of the contributions have been paid.C. If the ASRS employer does not pay, the ASRS shall take any steps legally authorized to collect payment.
Any amount the ASRS employer pays that the ASRS determines is not owed shall be refunded to the ASRS employer.
An ASRS employer may pay the amount the ASRS employer believes may be due at any time before ASRS’s notification of the amount due in order to prevent the accrual of interest after the date of the payment.
Proposed by Leah O’Connell Motion to request for all college societies to be external events so that they can continue throughout lockdown.
LEAVING EMPLOYMENT When a member leaves employment with an ASRS employer, the ASRS does not need to be notified.
An Irrevocable Payroll Deduction Authorization ends if a member terminates employment without having accepted an offer to work for a new ASRS employer, and the member is not already an active member working for a different ASRS employer.
Upon receipt of the information listed in R2-8-703, R2-8-704, or R2-8-705, the ASRS shall review the information to determine whether or not member contributions should have been withheld by the ASRS employer Employer, the length of time those contributions should have been withheld, and the amount of contributions that should have been withheld.
The ASRS shall transmit the Irrevocable Payroll Deduction Authorization to the active member’s ASRS employer, and the ASRS employer shall implement the deduction on the first pay period after receiving the Irrevocable Payroll Deduction Authorization.
However, in some cases, when a member has stopped contributing and has reached a normal retirement date, delaying retirement will not result in an increased benefit amount. If the member returns to work with another ASRS employer, the account is reactivated and new contributions and credited service will be added NOTE: Federal law requires a member who has terminated, is no longer contributing, and is age 70½ to take a minimum distribution from the retirement account.