Eligibility for Discretionary Contribution Sample Clauses

Eligibility for Discretionary Contribution. A Member shall not be eligible to share in a Discretionary Contribution, to the extent applicable, until the first January 1 or July 1 coincident with or next following the later of (a) his completion of a 12-consecutive month period starting on his Date of Hire, if he renders at least 1,000 Hours of Service during such 12-consecutive month period or, if he does not render at least 1,000 Hours of Service during such 12-consecutive month period, the first Plan Year (beginning after his Date of Hire) during which he has renders at least 1,000 Hours of Service, or (b) his twenty-first (21st) birthday. In addition, a Member shall not be eligible to share in a Discretionary Contribution for a particular Plan Year if he is has not rendered at least 1,000 Hours of Service during such Plan Year and is not an Eligible Employee on the last day of such Plan Year, unless he ceased to be an Eligible Employee during the Plan Year by reason of death, Disability, termination of employment after attaining age 60 with at least 10 Years of Service or retirement at or after his Normal Retirement Date. A Member's Compensation prior to the Entry Date he is eligible for Discretionary Contributions pursuant to this Section 3.6.2 shall not be taken into account in determining any share in a Discretionary Contribution to which he may become entitled for purposes of the allocation described in 3.6.1 above.
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Related to Eligibility for Discretionary Contribution

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

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