Statewide Defined Benefit Plan definition

Statewide Defined Benefit Plan means the Fire and Police Pension Association of Colorado Statewide Defined Benefit Plan.
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Examples of Statewide Defined Benefit Plan in a sentence

  • Effective July 1, 2014, the standard Separate Retirement Account contribution rate for members of the Statewide Defined Benefit Plan was set at 0 percent.

  • Effective January 1, 2007, members currently covered under Social Security will receive half the benefit when compared to the Statewide Defined Benefit Plan.

  • The System has three tiers: the Statewide Defined Benefit Plan under Part 4 of C.R.S. § 31-31; the Statewide Hybrid Plan under C.R.S.§ 31-31-1102; and the Colorado Springs New Hire Pension Plan.

  • The actuarial equivalent of the alternate payee’s portion of the defined benefit under the Statewide Defined Benefit Plan, Statewide Hybrid Plan, or Statewide Death and Disability Plan shall be paid out over the lifetime of the alternate payee.

  • A regularly employed member of the Fire Department or Police Department who has been sworn into duty under the classified civil service that is hired on or after the Effective Date shall become a Member in the Statewide Defined Benefit Plan, pursuant to the terms of the Statewide Defined Benefit Plan.

  • It is the policy of the Plan that the contribution rate be established at a level that will result in all benefits being fully funded at the retirement date of all members of the Statewide Defined Benefit Plan.

  • The Statewide Defined Benefit Plan is a cost-sharing multiple-employer defined benefit pension plan.

  • The City participates in the Statewide Defined Benefit Plan (the “SWDB Plan”) administered by the Fire and Police Pension Association of Colorado (the “FPPA”).

  • FPPA Statewide Defined Benefit Plan (continued) Contributions: Determined by state statute or by election of the members, contributions are set at a level that enables all benefits to be fully funded at the retirement date of all members.

  • Any distributee who is entitled to an eligible rollover distribution, as defined in Section 402(c)(4) of the Internal Revenue Code, from the Statewide Defined Benefit Plan on and after January 1, 1993, may elect to rollover the distribution to an eligible retirement plan, as defined in Section 402(c)(8)(B) of the Internal Revenue Code, designated by the distributee.

Related to Statewide Defined Benefit Plan

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

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

  • 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 and subject to 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”.

  • 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.

  • Seller Benefit Plan means each Benefit Plan that is maintained, participated in, sponsored or contributed to by Seller of any of its Affiliates (other than the Sold Companies), or with respect to which Seller or any of its Affiliates (other than the Sold Companies) contributes or is obligated to contribute and, in either case, which covers, is entered into by or with and/or provides compensation or benefits to any Business Employees.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Continuing care retirement community means a residential

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).