Common use of Retirement Plan Clause in Contracts

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization• Annuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  • One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  • Annutization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  • One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  AnnutizationAnnuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants would will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization• Annuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  • One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,201531, 2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  AnnutizationAnnuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization• Annuitization: A a one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  • One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants would will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  AnnutizationAnnuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,201531, 2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization• Annuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One •One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,201531, 2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization•Annuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One •One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants will enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  AnnutizationAnnuitization: A a one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.

Retirement Plan. Employees shall be covered by the Employer’s retirement policies. There shall be no changes to the two retirement plans (the grandfathered defined benefit plan for employees hired prior to July 31, 2002 and the Retirement Account Plan) through December 31,2015. Effective January 1, 2016, all employees shall participate in MultiCare’s Retirement Account Plan in accordance with the terms of the Plan. All grandfathered defined benefit plan participants enter the Retirement Account Plan (RAP) at the 6% contribution level in 2016. The contribution will be no less than 6% through February 28, 2018.  Annutization• Annuitization: A one-time election upon the employee’s retirement and only applies to grandfathered DB participants.  • One extra year of service for DB participants if the employee meets 1,000 hours of service in 2016.