Noncontributory service definition

Noncontributory service means credited service rendered under the noncontributory plan.
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Noncontributory service means service on which a member does not make member contributions to the Arkansas Teacher Retirement System and for which the member accepts a reduced retirement annuity for the member’s years of noncontributory service;
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Noncontributory service means credited service rendered
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Examples of Noncontributory service in a sentence

  • Purchasing service may increase a plan member’s benefit.2.1 Non-contributory service (less than half-time service)Plan members may be eligible to purchase periods of service when they worked for a plan employer but did not contribute to, or accrue service in, the Teachers’ Pension Plan.

  • BUYBACK COST EXAMPLESThe following table shows examples of the member’s cost for two common types of buyback:• Non-contributory service under the OPSEU Pension Plan, the PSPP or its predecessor– including contract/unclassified employment, and• Unpaid pregnancy, parental or adoption, family medical leaves and leaves due to illness.The cost shown is for one year of credit, based on the Plan’s normal contribution rate.

  • If you return after the end of the next calendar year, you will lose (forfeit) all of your credited service and will “earn back” at no cost, one month of forfeited Noncontributory service credit with each credited month of re-employment.

  • The service that you “earn back” will be credited as Noncontributory service.

  • Noncontributory service for active members is estimated from member’s contributory service by adjusting the present value of benefits projected from contributory service alone.

  • Creditable Service – Total of All Service Noncontributing • Service time for which member receives retirement credit • 6% not withheld Examples: short-term, extended short-term and long-term disability Noncontributory service can also be included in your creditable years and months of service.

  • Non-contributory service is a period of time when you worked for a College Pension plan employer but did not make pension contributions.


More Definitions of Noncontributory service

Noncontributory service means credited service
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Noncontributory service means credited service rendered under the noncon- tributory plan.
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Noncontributory service means credited service rendered under the non- contributory plan.
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Related to Noncontributory service

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • long-term insurance business means long-term insurance business as defined in the Insurance Act, 1943 (Act 27 of 1943), and includes any business which is for the purposes of the said Act dealt with by the Registrar of Insurance as long-term insurance business and any business which in the opinion of the Minister is medical aid insurance business conducted on a non-cancellable basis;

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.