Single Employer Pension Plan definition

Single Employer Pension Plan means any employee pension benefit plan (including a Multiple Employer Plan and excluding a Multiemployer Plan) that is maintained or is contributed to by the Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code.
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Single Employer Pension Plan means a pension plan (as defined in Section 3(2) of ERISA) subject to Title IV of ERISA, other than a Multiemployer Plan, that the Company, any of its Subsidiaries or any ERISA Affiliate sponsors or maintains, or to which the Company, any of its Subsidiaries or any ERISA Affiliate makes or is obligated to make contributions or could reasonably be expected to have liability, including any liability by reason of having been a substantial employer within the meaning of Section 4063 of ERISA at any time during the preceding five years or by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA.
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Single Employer Pension Plan means a pension plan as such term is defined in section 3(2) of ERISA, other than a multiemployer plan as defined in section 4001(a)(3) of ERISA, to which the Borrower or any other Controlled Group member may have liability, including any liability by reason of having been a substantial employer within the meaning of section 4063 of ERISA at any time during the preceding five years, or by reason of being deemed to be a contributing sponsor under section 4069 of ERISA.
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Examples of Single Employer Pension Plan in a sentence

  • PBGC determines that termination is necessary to avoid unreasonably burdensome pension costs caused solely by a decline in the employer’s work force.These requirements were added by the Single Employer Pension Plan Amendments Act of 1986 (SEPPAA; P.L. 99-272) and modified by the Omnibus Budget Reconciliation Act of 1987 (P.L. 100-203) and the Retirement Protection Act of 1994 (RPA; P.L. 103-465).

  • For example, there are references to provisions formerly codified in 29 CFR part 2617, sub- part C (and to the Notice of Sufficiency pro- vided for thereunder) that no longer exist be- cause of changes in the PBGC’s plan termi- nation regulations in response to the Single- Employer Pension Plan Amendments Act of 1986 and the Pension Protection Act of 1987.

  • Thus, many private sector plan sponsors have decided that they can no longer afford the vagaries of the full DB promise.Finally, it must be pointed out that a worker in a private sector SEPP (Single Employer Pension Plan) lives with the risk of the insolvency of the plan sponsor at a time when the liabilities of the plan are not fully funded.

  • The Teamsters attorney Ed Gleason states that the CARP Pension Plan is a Multi-Employer Plan, he is wrong in his description and characterization of CARP.CARP is a Single Employer Pension Plan (View Document) In 2013, the teamsters talked about the strength of their Multi-Employer Pension Plans specifically the Western Conference Plan.

  • Maintain each Single Employer Pension Plan and Welfare Plan in compliance in all material respects with all applicable requirements of law, and any rules and regulations related thereto.

  • The Single Employer Pension Plan and the Other Post Employment Health Insurance Subsidy, (Note I), liability was determined using the following actuarial assumptions, applied to all periods including the measurement: Discount Rate per year3.54%General Inflation Rate per year2.50%Salary Scale per year3.50% Mortality rates were based are the same rates that were used for school district employees in the December 31, 2020 actuarial valuation of the Oregon Public Employees Retirement System.

  • Single Employer Pension Plan (Retirement Stipends) Plan Description - The District has established an early retirement programs for employees under a single-employer defined benefit pension plan resulting from collective bargaining agreements.

  • The Employer agrees to maintain appropriate funding to support such current benefit Kroger Metro Grocery Contract 2013 - 2017 accruals and comply with all IRS rules and other regulations governing a Single Employer Pension Plan.

  • See 29 U.S.C. § 1001a(c)(2), as added by § 3 of the Multiemployer Pension Plan Amendments Act of 1980, and 29 U.S.C. § 1001b(c)(2), as added by Title XI,§ 11002 of the Single Employer Pension Plan Amendments Act of 1986.

  • At the very beginning, this sector aimed at fulfilling the rural family needs, and now, livestock sector contributes mostly in meeting the consumers’ demands (in general) including that urban, too.


More Definitions of Single Employer Pension Plan

Single Employer Pension Plan means any employee pension benefit plan (excluding a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Company and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code.
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Single Employer Pension Plan means a Pension Plan, other than a Multiemployer Plan.
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Single Employer Pension Plan means a Pension Plan, other than a Multiemployer Plan, that the Parent Borrower, any of its
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Single Employer Pension Plan means any employee pension benefit plan (including a Multiple Employer Plan and excluding a Multiemployer Plan) that is maintained or is contributed to by the Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code. “SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source) and, in each case, that has been selected or recommended by the Relevant Governmental Body.
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Related to Single Employer Pension Plan

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Foreign Pension Plan means any plan, fund (including any superannuation fund) or other similar program established or maintained outside the United States by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.