Noncontributory plan definition

Noncontributory plan means the plan which began between July 1, 1974 and July 1, 1977, in which the reporting unit elected to discontinue withholding contributions from employees' compensation.
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Noncontributory plan means the plan which began between
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Noncontributory plan means the plan which began between July 1, 1974 and July 1, 1977, in which
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Examples of Noncontributory plan in a sentence

  • If the age difference between the member and the non-spouse beneficiary exceeds the federal limit for 100% joint and survivor annuities, the member may not select Option 2 or Option 4 (5&2) under the Contributory and Hybrid plans or Option B under the Noncontributory plan.

  • Based upon this understanding and agreement, employees will share in the cost of the 31676.14 enhancement through increased retirement contributions by way of payroll deductions and shall contribute 3% of compensation earnable as defined in SamCERA regulations.Plan 3: Non-contributory plan, Plan 3 is closed to all employees hired on or after December 23, 2012.

  • Plan 3: Non-contributory plan, Plan 3 is closed to all employees hired on or after December 23, 2012.

  • Examples: #1Retirement Year:2042 Member Birthdate:3/1/198260 (age in 2042)Beneficiary Birthdate:8/5/2012 -30 (age in 2042) Age difference30 years Less (member age under 70) -10 Adjusted age difference20 years Since the adjusted age difference is more than 10 years: Member may not elect to receive retirement benefits under any of the 100% survivor options (Contributory and Hybrid plan Options 2 or 4 (5&2), or Noncontributory plan Option B).

  • The Program contributes to the System Noncontributory plan and the Tier 2 plan covering state employee groups, school districts and other local government entities.

  • The Tier 2 rates include a 9.94% required contribution to finance the unfunded actuarial accrued liability of the Noncontributory plan.

  • For new employees hired on or after July 10, 2011, upon the adoption of a resolution making Government Code section 31676.1 effective, the retirement benefit options shall be: Current Plan 3: Non-contributory plan.

  • RETIREMENT PLANS Plan Descriptions - As required by State law, eligible nonexempt employees (as defined by the U.S. Fair Labor Standards Act) of the Program are covered either by the Utah Retirement Systems’ (the System) State and School Noncontributory pension plan (Noncontributory plan) or the Tier 2 Public Employees Contributory pension plan (Tier 2 plan).

  • For new employees hired on or after August 7, 2011, upon the adoption of a resolution making Government Code section 31676.1 effective, the retirement benefit options shall be: Current Plan 3: Non-contributory plan.

  • For new employees hired on or after July 1, 2011, upon the adoption of a resolution making Government Code section 31676.1 effective, the retirement benefit options shall be: Current Plan 3: Non-contributory plan.


More Definitions of Noncontributory plan

Noncontributory plan means the plan - which THAT began
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Related to Noncontributory plan

  • contributory means a person liable to contribute towards the assets of the company in the event of its being wound up.

  • Contributory drainage area means the area from which stormwater runoff drains to a stormwater management measure, not including the area of the stormwater management measure itself.

  • contributory employment and support allowance means an allowance under Part 1 of the Welfare Reform Act 2007 as amended by the provisions of Schedule 3, and Part 1 of Schedule 14, to the Welfare Reform Act 2012 that remove references to an income-related allowance and a contributory allowance under Part 1 of the Welfare Reform Act 2007 as that Part has effect apart from those provisions;

  • Master Plan means a subcontracting plan that contains all the required elements of an individual contract plan, except goals, and may be incorporated into individual contract plans, provided the master plan has been approved.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • Statutory Plan means a plan required in terms of any legislation, including but not limited to, any structure plan, land use plan, zoning scheme, integrated development plan, water services plan, skills development plan and employment equity plan;

  • Development Plans has the meaning set forth in Section 3.2.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Project Implementation Plan means the detail plan submitted by the Developer with regard to development of Project Facilities and its operation and management thereof in accordance with this Agreement and to be appended as Schedule 9 to this Agreement.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • Other Plan means any of the following plans, other than this Plan, providing benefits or services for medical or dental care or treatment:

  • Construction Plans means plans, drawings, specifications and related documents, and construction schedules for the construction of the Project, together with all supplements, amendments or corrections, submitted by the Developer and approved by the City in accordance with this Agreement.

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Project Plans mean the plans for the Project that are attached to this Agreement as Exhibit “B.”

  • Recovery Plan means a recovery plan drawn up and maintained by an institution in accordance with Article 5;

  • Disaster recovery project means a project located on property

  • D&O Policies has the meaning set forth in Section 8.06.

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • Disaster Recovery Plan means has the meaning set out in paragraph 1.2.3 of schedule 5 (Disaster Recovery and Business Continuity);

  • Development Budget shall have the meaning set forth in Section 3.3.