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

  • 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.

  • Claims-made coverage means an insurance contract or provision limiting

  • 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;

  • Property Insurance is defined in Section 6.10(a).

  • Affordable Housing Cost means an amount satisfied by:

  • 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.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.