Employee Contribution Account definition

Employee Contribution Account means the Accounts maintained for a Participant to record his or her contributions to the Plan, including a Participant's "Rollover Account" (but excluding accounts for Salary Deferral Contributions, which are considered employer contributions under the Act).
Employee Contribution Account means a sub-account of the Deferred Compensation Account, comprised of the Employee Contributions allocated to that sub-account and earnings and losses on that sub-account.
Employee Contribution Account means the account established for a Participant with respect to his interest in the Plan resulting from the participant’s mandatory contributions made pursuant to Act 345, as modified by collective bargaining.

Examples of Employee Contribution Account in a sentence

  • A Participant or Former Participant will cease to be a Member when all of the funds in the Member’s Employee Contribution Account have been distributed.

  • The calculation of the actuarial adjustment shall be based on the value of the Employee Contribution Account as of the date the Member becomes a Premium Member and the methods and assumptions specified in the applicable collective bargaining agreement or by the Retirement Board (but not inconsistent with the collective bargaining agreement).


More Definitions of Employee Contribution Account

Employee Contribution Account means one of more of the following Accounts, which are funded by Employee Contributions, and are fully vested at all times.
Employee Contribution Account means the Pre-Tax Contribution Account, After-Tax Contribution Account, Catch-Up Contribution Account, Rollover Contribution Account and Roth Elective Deferral Account.
Employee Contribution Account means the separate Account maintained to hold voluntary contributions made by a Participant to the Plan prior to January 1, 1988, increased by net gains and decreased by net losses and distributions therefrom, all in accordance with the provisions of the Plan.
Employee Contribution Account means either or both of a Participant's 401(k) Contribution Account and Thrift Contribution Account.
Employee Contribution Account means the Account and subaccounts established for each Member and credited with his or her Employee Contributions, Rollover Contributions, additional amounts identified as contributions to subaccounts listed in Section 9.1(c) and earnings and losses attributable to such amounts.
Employee Contribution Account means the sub-Account in the Participant's Account to which Employee Contributions are credited.
Employee Contribution Account means a sub-account of the Deferred Compensation Account comprised of the Employee Contributions allocated to such account and earnings thereon.