Supplemental Retirement Account definition

Supplemental Retirement Account means the Account established pursuant to Article VI, Section (a)(2) to hold Supplemental Retirement Contributions.

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Supplemental Retirement Account means a benefit described in SECTION XI of the Plan.‌

Supplemental Retirement Account means the separate Supplemental Retirement Account established for each Participant pursuant to Section 3 of this Plan.

Examples of Supplemental Retirement Account in a sentence

Executive will become fully vested in any unfunded pension benefit provided under any nonqualified pension plan, program or arrangement in which he or she participates (including, without limitation, the Benefit Equalization Plan and the Supplemental Retirement Account Plan).
Employees are also eligible to participate in the Supplemental Retirement Account (SRA) on a voluntary basis.
In addition to the $600 annual contribution, the Board shall also deposit an amount equal to 4 x the Employee’s hourly rate x the number of days’ added to the eligible employee’s Supplemental Retirement Account under Article XIV, Section 4 during the prior calendar year.
All Employees with a minimum 1% appointment and funding of at least four (4) continuous months duration shall be eligible for the 403(b) Supplemental Retirement Account and 457(b) Deferred Compensation Plan.
Any employee, who has accumulated more than the maximum number of sick leave days as of June 30 of any year, shall have any unused sick leave days and any unused personal leave days as of the following July 1 credited to the employee’s Supplemental Retirement Account.
Such days credited to an employee’s Supplemental Retirement Account shall be unavailable to the employee for his/her use as regular sick leave or personal leave.
Such days credited to a Bus Technician’s Supplemental Retirement Account shall be unavailable to the Bus Technician for his/her use as regular sick leave or personal leave.
Any Bus Technician, who has accumulated more than the maximum number of sick leave days as of June 30 of any year, shall have any unused sick leave days and any unused personal leave days as of the following July 1 credited to the Bus Technician’s Supplemental Retirement Account.
The employee accounts established under this Section shall be initially funded with an initial deposit based on the following formula: ($150 x EACS years of Service) + (Supplemental Retirement Account Days x 2 x hourly rate).
The Executive shall become vested in the Supplemental Retirement Account as of December 31, 2002.

More Definitions of Supplemental Retirement Account

Supplemental Retirement Account means the account described in Sections 4 and 5.

Supplemental Retirement Account means the subaccount of a Participant’s Account to which are credited the Supplemental Retirement Contributions which have been allocated to such Participant and the assumed earnings and losses attributable thereto.