Company Retirement Contributions definition

Company Retirement Contributions means contributions made by an Employer pursuant to former Section 4.1 hereof for Plan Years beginning before January 1, 2008, plus the amount of any similar contributions (as determined by the Plan Administrator) that are transferred to this Plan from a Merged Plan on behalf of a Participant. No Company Retirement Contributions shall be made by the Company for Plan Years beginning after December 31, 2007.
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Company Retirement Contributions means the Employer's contributions pursuant to Section 4.1.
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Company Retirement Contributions means Company Retirement Contributions under the Retirement Plan and such other contributions under such plans, if any, as may be designated in an appendix hereto.
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Examples of Company Retirement Contributions in a sentence

  • Automatic enrollment beginning January 1, 2016 for union employees who have not elected to participate and who are eligible for Company Retirement Contributions (CRCs) o Enrolled at 2% of pay as pre‐tax employee contributions o Advance notice with information about opting out will be provided to all affected employees • A one‐time $300 Additional Company Retirement Contribution (ACRC) will be paid in January 2016 to members’ account for employees who were hired after January 1, 2012.

  • Once contributed to the 401(k) Plan on behalf of an Eligible Union Employee, the One-time Company Contribution will be subject to the same terms of the 401(k) Plan applicable to Special Company Retirement Contributions (including without limitation with respect to in-service withdrawal, loan, and/or distributions).

  • Newer employees, who are not eligible for the GE Pension Plan, also receive automatic Company Retirement Contributions (CRC) to help them build retirement income.

  • The Company will contribute, or allocate from unallocated funds contributed pursuant to Section 3.07, as Company Retirement Contributions to the Plan, the amount set forth in the Supplemental Agreement (as defined in Appendix V) to be provided as nonelective employer contributions, which shall apply to those certain eligible Employees as designated therein.

  • Company Retirement Contributions shall not be made on behalf of an Employee who is a member of a collective bargaining unit unless the applicable collective bargaining agreement expressly so provides.

  • GE Pension Plan GE Retirement Savings Plan (RSP) Four Extra ACRCs: $300 per year, 2020 through 2023 Extra $300 in Additional Company Retirement Contributions (ACRC) in 2020 through 2023 along with the annual $600 ACRC.

  • Eligible employees automatically receive: • 3% Company Retirement Contributions on eligible pay (which includes ACPs), PLUS • The annual $600 Additional Company Retirement Contribution (ACRC); PLUS • A one-time $300 ACRC in 2016 In addition, employees are eligible to receive a 50% Company Match on their own contributions up to 8% of eligible pay, for a maximum match of 4%.

  • Starting January 1, 2016, union employees who are eligible for Company Retirement Contributions, and who haven’t made a contribution election, will automatically be enrolled in the RSP at a pre-tax contribution rate of 2% of pay, which will earn a Company Match of 1% of pay.


More Definitions of Company Retirement Contributions

Company Retirement Contributions means amounts contributed by the Company to the Trust Fund pursuant to Section 3.02(b) hereof.
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Related to Company Retirement Contributions

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Retirement fund means the "Washington law enforcement

  • Individual retirement account means an individual retirement account under Section 408 of the Code, a Roth IRA under Section 408A of the Code, a simplified employee pension under Section 408(k) of the Code or a simple retirement account for employees under Section 408(p) of the Code.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.