Money Purchase Pension Plan definition

Money Purchase Pension Plan means this Plan as adopted by entering into the Standardized Money Purchase Pension Plan Adoption Agreement or the Nonstandardized Money Purchase Pension Plan Adoption Agreement.

Money Purchase Pension Plan means the portion of the Plan that is designed to qualify as such pursuant to Code Section 401(a).

Money Purchase Pension Plan means a defined contribution plan, as defined in Section 3(34) of the Employee Retirement Income Security Act of 1974, as amended, that is subject to the minimum funding requirements of Section 412 of the Code.

Examples of Money Purchase Pension Plan in a sentence

• The Executive shall receive credits to the Company's nonqualified excess benefits plan with respect to the amounts that would otherwise have been contributed on his behalf under the Company's Money Purchase Pension Plan and Profit Sharing Plan had the Executive continued in the company's employ for three years following the Date of Termination.

• A safe harbor plan is a Money Purchase Pension Plan providing immediate participation, full and immediate vesting, and a nonintegrated contribution formula equal to at least 10% of the employee's compensation, without regard to employment by the leasing organization on a specified date.

• All regular part-time staff members who are eligible under the terms of the University of Victoria Money Purchase Pension Plan (“Money Purchase Pension Plan”) will, as a condition of employment, participate in the Money Purchase Pension Plan from the date of eligibility.

• College staff are subject to either the Public Service Pension Plan (PSPP), or the Government Money Purchase Pension Plan (GMPP).

• The following description of the University of Victoria Money Purchase Pension Plan is a summary only.

• A safe harbor plan is a Money Purchase Pension Plan providing immediate participation, full and immediate vesting, and a nonintegrated contribution formula equal to at least 10% of the employee’s compensation, without regard to employment by the leasing organization on a specified date.

• Notwithstanding the foregoing, if the Employer has adopted Putnam paired plans (as described in Section 4.6) and the Participant is eligible to participate in both paired plans, the minimum allocation described in paragraph (a) shall be provided by the Putnam Money Purchase Pension Plan.

• The Fire and Police Pension Association Statewide Money Purchase Pension Plan as initially adopted and as subsequently amended.

• Employees will have access to the 401A, Money Purchase Pension Plan and Trust, subject to City Council modification of the plan as authorized by federal and state laws.

• The District shall give employees the option each year to make an irrevocable election on the schedule indicated below to buy-back or to deposit into their Money Purchase Pension Plan (MPPP) accounts, the dollar value of the sick leave earned within the annual accrual period indicated in paragraph B(2)(a) below, less sick leave taken during that same period, on an after tax basis.

More Definitions of Money Purchase Pension Plan

Money Purchase Pension Plan means the Amundi US, Inc. Retirement Benefit Plan (f/k/a the Amundi Pioneer Asset Management USA Inc. Retirement Benefit Plan), as may be amended from time to time.

Money Purchase Pension Plan means this Plan if it is adopted by the Employer pursuant to the Adoption Agreement for Money Purchase Pension Plan.

Money Purchase Pension Plan means the Derst Baking Company Money Purchase Pension Plan, which was frozen effective as of January 1, 2004 and, effective as of the same date, was merged into the Derst Baking Company 401(k) Savings Plan.

Money Purchase Pension Plan means the Money Purchase Pension Plan as it may be amended and restated from time to time. Under the Money Purchase Pension Plan, each participating Employee will have an account established in his or her name, and contributions to such Employee’s account will be made by both the Employee and the Town.