PERS defined benefit plan definition

PERS defined benefit plan means the plan described in sections 145.201 to 145.79 of the Revised Code.
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PERS defined benefit plan means the plan described
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PERS defined benefit plan means the defined benefit plan as defined in 19-3-108 and generally
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Examples of PERS defined benefit plan in a sentence

  • Not later than one hundred eighty days after the date on which employment begins, the individual shall elect to participate either in the PERS defined benefit plan or a PERS defined contribution plan.

  • The Plan Choice Rate (PCR), that directed a portion of employer contributions for DC members to the PERS defined benefit plan, are included in the employers reporting.

  • The PERS defined benefit plan was closed to all new employees hired on or after July 1, 2006 and replaced with a defined contribution plan.

  • On the request of a member or contributor who made an election under this section, the system shall credit to the plan elected the accumulated contributions standing to the credit of the member or contributor in the employees' savings fund and cancel all service credit and eligibility for any payment, benefit, or right under the PERS defined benefit plan.

  • An election under this section is effective as of January 1, 2003, and, except as provided in section 145.814 of the Revised Code or rules governing the PERS defined benefit plan, is irrevocable on receipt by the system.

  • Unless a form evidencing an election is received by the system on or before that date, a member or contributor to whom this section applies is deemed to have elected to continue participating in the PERS defined benefit plan.

  • A member described in division (A) of this section with contributions standing to the member's credit in a PERS defined contribution plan may elect to have those contributions deposited and credited in the PERS defined benefit plan in accordance with section 145.814 of the Revised Code and rules governing the PERS defined benefit plan.

  • Wendy McKameyInterim study resolution on PERS and TRS A joint resolution of the senate and the house of representatives of the state of Montana requesting an interim study of the public employees' retirement system (PERS) defined benefit plan and the teachers' retirement system (TRS) and the development of recommendations for a long-term strategic approach to funding the systems.

  • Subject to rules adopted by the public employees retirement system under section 145.09 of the Revised Code, a contributor participating in the PERS defined benefit plan or contributing under section 145.38 or 145.383 of the Revised Code may deposit additional amounts in the employees' savings fund established under section 145.23 of the Revised Code.

  • With respect to the benefits described in division (C)(1) of this section, the public employees retirement board may establish eligibility requirements and benefit formulas or amounts that differ from those of members participating in the PERS defined benefit plan.


More Definitions of PERS defined benefit plan

PERS defined benefit plan means the plan described in sections
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PERS defined benefit plan means the defined benefit plan as defined in 19-3-108 and generally governed by Title 19, chapter 3, parts 1 through 5, 9 though 12, 15, and 16.
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PERS defined benefit plan means the plan described in sections 145.201 to
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Related to PERS defined benefit plan

  • Canadian Defined Benefit Plan means any Canadian Pension Plan which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.