Examples of HEART Act in a sentence
If a Participant's Salary Reduction Contributions are suspended pursuant to a provision of the Plan (e.g., distribution due to military leave covered by the HEART Act), then a Participant's Affirmative Election will expire on the date the period of suspension begins unless otherwise elected below.
There are separate laws and regulations for SSDI eligibility and the HEART Act moved through Congress too quickly to include SSDI.
The Plan shall comply with the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), which requires that certain retirement and welfare benefits be provided for returning military personnel and their beneficiaries.
Prior to the passage of the Heroes Earnings and Relief Tax Act of 2008 (HEART Act), receiving an AmeriCorps living allowance could disqualify an individual from eligibility.
These preferences can be explained by prospect theory (Kahneman and Tversky, 1984), where greater emphasis is placed on penalties (or losses) than gains (or bonuses) of the same strength.The importance of the role of fairness perceptions and their positive effects for organizations have been acknowledged in the literature (Libby, 1999, Chang et al., 2008, Bol, 2011, Masschelein et al., 2012, Miller et al., 2013).
This provision shall be applied to all similarly situated individuals in a reasonably equivalent manner.A Member must be on a leave to perform qualified military service (as defined in Chapter 43 of Title 38, United States Code) for a minimum of 30 days before a Member is allowed to take an early distribution of voluntary member contributions as provided by the HEART Act.
HEART Act means the Heroes Earnings Assistance and Relief Tax Act of 2008, as amended.
A Member must be on a Leave of Absence to perform qualified military service (as defined in Chapter 43 of Title 38, United States Code) for a minimum of 30 days before a Member is allowed to take an early distribution as provided by the HEART Act.
Consistent with the Heroes Earning Assistance and Relief Tax (HEART) Act, a deceased person’s period of qualified military service will be credited service under the Plan.
If a Participant dies while engaged in qualified military service, the Participant’s beneficiaries shall be entitled to any benefits the Participant would have been entitled to as if the Participant had resumed employment immediately prior to his or her death in accordance with the Heroes Earning Assistance and Relief Tax (HEART) Act, and any regulations promulgated thereunder.