Examples of Employee Contribution Account in a sentence
If the Plan allows for Rollover Contributions under AA §C-2 or After-Tax Employee Contributions under AA §6C, unless elected otherwise under this AA §10-2, a Participant may take an in- service distribution from his/her Rollover Account and After-Tax Employee Contribution Account at any time.
A Participant may withdraw amounts from his/her After-Tax Employee Contribution Account at any time, in accordance with the distribution rules under Article V, except as prohibited by an Individual Agreement.
Any After-Tax Contributions made under this Plan will be held in Participants’ After-Tax Employee Contribution Account, which is always 100% Vested.
A Participant or Former Participant will cease to be a Member when all of the funds in the Member’s Employee Contribution Account have been distributed.
The calculation of the actuarial adjustment shall be based on the value of the Employee Contribution Account as of the date the Member becomes a Premium Member and the methods and assumptions specified in the applicable collective bargaining agreement or by the Retirement Board (but not inconsistent with the collective bargaining agreement).