Plan 3 definition

Plan 3 means the teachers' retirement system, plan 3
Plan 3 means the public employees' retirement system, plan
Plan 3 means the Washington school employees' retirement

Examples of Plan 3 in a sentence

  • For Plan 2 and Plan 3 TRS and SERS members, it is the highest average salary during any five consecutive years.

  • For the defined benefit portion of Plan 3 TRS and SERS it is the AFC multiplied by 1 percent per year of service with a cost-of-living adjustment.

  • Plan 3 under the TRS and SERS programs are defined benefit, defined contribution pension plans whose members joined on or after July 1, 1996, or September 1, 2000, for TRS and SERS, respectively.

  • Although members can only be a member of either Plan 2 or Plan 3, the defined benefit portions of Plan 2 and Plan 3 are accounted for in the same pension trust fund.

  • PERS Plan 3 members choose their contribution rate upon joining membership and have a chance to change rates upon changing employers.


More Definitions of Plan 3

Plan 3 means the retirement plans established by chapter 239, Laws of 1995, chapter 341, Laws of 1998, and chapter 247, Laws of 2000.
Plan 3 means the teachers' retirement system, plan 3 providing the benefits and funding provisions covering persons who first become members of the system on and after July 1, 1996, or who transfer under RCW 41.32.817.
Plan 3 and “Plan 4” mean respectively the plans marked “3” and “4” initialled by or on behalf of the parties hereto for the purpose of identification;
Plan 3 means the plan with drawing reference 448.S106.003 attached to this Deed as Annexure 3 which plan may be amended from time to time with the written agreement of the Council
Plan 3 means the plan annexed to this Lease marked “Plan 3”.
Plan 3 etc means the plans annexed hereto and respectively so marked
Plan 3 means the public employees' retirement system, plan 3 providing the benefits and funding provisions covering persons who: