SCRHI Trust Fund definition

SCRHI Trust Fund means the South Carolina Retiree Health Insurance Trust Fund established pursuant to Section 1‑11‑705 to fund the employer cost for health benefits for retired state employees and retired public school district employees.
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Examples of SCRHI Trust Fund in a sentence

  • Upon attaining age sixty (60) or the date the Retiree would have accrued twenty-eight(28) years of service credit, the Retiree’s eligibility for funding from the SCRHI Trust Fund is determined in accordance with subparagraphs (B)(1) through (B)(4) of this paragraph above.

  • If the Retiree has at least fifteen (15), but fewer than twenty-five (25) years, of Earned Service, fifty percent (50%) of the employer portion of the Retiree’s premium shall be paid by the SCRHI Trust Fund.

  • An Employer that does not participate in the SCRHI Trust Fund, at its discretion, may elect to pay none, all, or a portion of the total premium for its Retirees’ coverage.

  • If the Retiree has fewer than fifteen (15) years of Earned Service, the Retiree is not eligible for funding for premiums from the SCRHI Trust Fund and the Retiree must pay the total premium (i.e., both the employee and the employer portion) for coverage under the Plan.

  • If the Retiree has at least twenty-five (25) years of Earned Service, the employer portion of the Retiree’s premium shall be paid by the SCRHI Trust Fund.

  • A Retiree who participates in the Plan pursuant to this subparagraph is not eligible for funding from the SCRHI Trust Fund for any portion of the total premium required for the Retiree’s coverage under the Plan.

  • If a Retiree whose last Employer prior to Retirement participates in the SCRHI Trust Fund does not meet any of the requirements in subparagraphs (B)(2) or (B)(3) below for funding from the SCRHI Trust Fund, the Retiree is responsible for paying the total premium (i.e., both the employee and employer portion) for Retiree coverage under the Plan.

  • If an Employee reaches a date such that, if the Employee terminated employment on that date, the Employee would be eligible for funding for Retiree premiums from the SCRHI Trust Fund upon Retirement without any additional service credit in a State Retirement System or employment with an Employer, continued or subsequent employment for an Employer will not diminish the funding available to the Employee for Retiree coverage under the Plan upon Retirement.

  • For a Retiree who participates in the Plan pursuant to subparagraph (A)(1) of paragraph 3.11, the employer portion of the Retiree’s premium shall be paid by the SCRHI Trust Fund if, at Retirement, (i) the Retiree had at least ten (10) years of Earned Service and (ii) the Retiree’s last five (5) years of Earned Service prior to Retirement were earned consecutively in a Full-Time Permanent position with an Employer that participates in the SCRHI Trust Fund.

  • A Retiree whose last Employer prior to Retirement does not participate in the SCRHI Trust Fund is not eligible for funding from the SCRHI Trust Fund for any portion of the total premium required for the Retiree’s coverage under the Plan.

Related to SCRHI Trust Fund

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • Note A-1 Trust Fund means the trust formed pursuant to the Note A-1 PSA.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • Note A-2 Trust Fund means the trust formed pursuant to the Note A-2 PSA.

  • Liquidating Trust Agreement means an agreement evidencing the terms and provisions governing a Liquidating Trust that shall be entered into prior to the establishment of such Liquidating Trust and pursuant to which a Liquidating Trustee shall manage and administer Liquidating Trust Assets.

  • Note A-4 Trust Fund means the trust formed pursuant to the Note A-4 PSA.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Note A-3 Trust Fund means the trust formed pursuant to the Note A-3 PSA.

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Liquidation Trust Agreement means the Liquidation Trust Agreement to be dated as of the Effective Date establishing the terms and conditions of the Liquidation Trust, substantially in the form attached hereto as Exhibit B.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.

  • Plan Trust means the trust governed by the Plan.

  • Liquidation Trust means the trust created pursuant to the Liquidation Trust Agreement on the Effective Date in accordance with the Plan, the Confirmation Order and the Liquidation Trust Agreement.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Escrow Trustee means the bank or trust company designated by the Fiscal Officer in the Certificate of Award as the initial escrow agent with respect to the Refunded Bonds under the Escrow Agreement and until a successor Escrow Trustee shall have become such pursuant to the provisions of the Escrow Agreement and, thereafter, "Escrow Trustee" shall mean the successor Escrow Trustee.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Owner Trust Estate means all right, title and interest of the Trust in and to the property and rights assigned to the Trust pursuant to Article II of the Sale and Servicing Agreement, all funds on deposit from time to time in the Trust Accounts and all other property of the Trust from time to time, including any rights of the Trust pursuant to the Sale and Servicing Agreement.

  • Grantor Trust means a Trust other than a RIC.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Non-Lead Securitization Trust means the Securitization Trust into which any Non-Lead Securitization Note is deposited.