Automatic enrollment definition

Automatic enrollment means a plan provision under which the employee will have a specified contribution made to a plan described in subsection (1) equal to a compensation reduction that will be made for the employee unless the employee affirmatively elects no compensation reduction contributions or a compensation reduction contribution in another amount.
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Automatic enrollment means an employee retirement plan provision under which an employee will have a specified contribution made to the plan, equal to a compensation reduction, that will be made for the employee unless the employee affirmatively elects, in accordance with the federal "Pension Protection Act of 2006", Pub.L. 109-280, either not to have any compensation reduction contributions or a compensation reduction contribution in an alternative amount.
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Automatic enrollment means an arrangement under which, in the absence of an affirmative election by an Eligible Employee, a certain amount of Compensation may be automatically withheld from the Eligible Employee’s pay and contributed to the Plan as a Pre-Tax Deferral.
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Examples of Automatic enrollment in a sentence

  • Automatic enrollment in Xxxx Elective Deferrals is not permitted under the Plan.

  • Transfer of a member from a PHP to a CCO or DCO; (B) Involuntary transfer of a member from a PHP to another PHP; or (C) Automatic enrollment of a member in a PHP.

  • Automatic enrollment is shown to increase employee participation and higher retirement savings.

  • Automatic enrollment will be implemented as soon as administratively feasible.

  • Union Employees as collectively bargained to include 1 or both of the following arrangements: (A) Automatic enrollment of all non-participating Union represented employees as of a pre-determined effective date; (B) Automatic enrollment of all new Union represented employees hired on or after a pre-determined date.

  • Automatic enrollment, as described in Section 2.4 of the Base Plan Document, shall/ shall not apply.

  • Default Product (Automatic enrollment) ● Default Product○ Keene Local Green: The Program intends to offer Keene Local Green as its default product.

  • Automatic enrollment contributions made after such date remain in the Plan and are subject to the Plan's regular distribution rules.

  • There are 3 options for long-term disability: • Full LTD: Automatic enrollment in this plan occurs on the employee’s hiredate.

  • Automatic enrollment will be implemented as soon as administratively feasible upon agreement by all locals.


More Definitions of Automatic enrollment

Automatic enrollment means an employee retirement plan provision under which an employee will have a specified contribution made to the plan, equal to a compensation reduction, that will be made for
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Automatic enrollment means an employee retirement plan provision under which an employee will have a specified contribution made to the plan, equal to a compensation reduction, that will be made for the employee unless the employee affirmatively elects, in accordance with the federal “Pension Protection
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Automatic enrollment means an employee retirement plan provision under which an employee will
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Related to Automatic enrollment

  • Open enrollment means a period of time as defined in rule

  • Open Enrollment Period means an enrollment period during which time any Eligible Employee and/or Dependent may apply to become a Subscriber and/or Covered Dependent, and existing Subscribers may apply to change to another provider network or coverage option, if available, or elect to terminate coverage.

  • Declining enrollment means any significant decrease in the school district’s enrollment which may affect the school district’s allocation of funds in future years and/or the necessity of maintaining certain class sections or offerings.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Dual enrollment means the enrollment of a 3- or 4-year-old student who is eligible for special education services in both a public school district, through which the student receives special education services, and a private or home school.

  • Enrollment means the number of students who are enrolled in a school operated by the district on October 1. A student shall be counted as one whether the student is enrolled as a full-time or part-time student. Students enrolled in prekindergarten programs shall not be counted.

  • Enrollment Date means the first day of each Offering Period.

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Effective date of enrollment means the first date when an en- rollee is entitled to receive covered benefits.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Disenrollment means either voluntary or involuntary termination of a participant from the Independent Choices Program.

  • Eligible elector means a person who meets the specific requirements for voting at a specific election or for a specific candidate, ballot question, or ballot issue. If no specific provisions are given, an eligible elector shall be a registered elector, as defined in subsection (35) of this section.

  • Automatic Exercise Date means, with respect to an Option or a Stock Appreciation Right, the last business day of the applicable Option Term or Stock Appreciation Right Term that was initially established by the Administrator for such Option or Stock Appreciation Right (e.g., the last business day prior to the tenth anniversary of the date of grant of such Option or Stock Appreciation Right if the Option or Stock Appreciation Right initially had a ten-year Option Term or Stock Appreciation Right Term, as applicable).

  • Salary reduction plan means a benefit plan whereby state and

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Automatic firearm means any firearm designed or specially adapted to fire a succession of cartridges with a single function of the trigger.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Continuous enrollment means enrollment in a state- supported postsecondary education institution at the same degree level for consecutive terms, excluding summer term, since the beginning of the period for which continuous enrollment is claimed unless a sequence of continuous enrollment is broken due to extenuating circumstances beyond the student’s control, including serious personal illness or injury, or illness or death of a parent.

  • Automatic Renewal Terms with TIPS Members Certification Regarding "Indemnity" Terms with TIPS Members Certification Regarding "Arbitration" Terms with TIPS Members

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.