Supplemental Retirement. As allowed by Minnesota Statutes §§ 354C.11, 354C.12 and 345.24, the Employer will make a matching contribution of up to two thousand two hundred dollars ($2,200) per fiscal year to each eligible ASF Member’s supplemental retirement account.
Supplemental Retirement. Pursuant to Minnesota Statutes §§ 354C.11, 354C.12 and 356.24, the Employer shall deduct from the salary of each full-time faculty member a sum equal to five percent (5%) of the annual salary paid after the first six thousand dollars ($6,000), up to a maximum of two thousand two hundred and fifty dollars ($2,250) in each fiscal year to be paid into the state university supplemental retirement account of the retirement fund. The Employer shall make a contribution in an amount equal to the deductions made from the faculty member’s salary. Deductions shall begin in the faculty member’s third year of full-time employment in the System.
Supplemental Retirement. Pursuant to Minn. Statutes 136F.47, 356.24 and Chapter 354C, the Employer shall deduct from the salary of each full time ASF Member a sum equal to five (5) percent of the annual salary paid after the first six thousand dollars ($6,000) up to a maximum deduction of two thousand two hundred dollars ($2,200) per each fiscal year thereafter to be paid into the state university supplemental retirement account of the retirement fund. The Employer shall make a contribution in an amount equal to the deductions made from the ASF Member's salary. Deductions shall begin in the ASF Member's third (3rd) year of full time unclassified employment in the System.
Supplemental Retirement. Upon termination of the Officer's employment, a supplemental retirement benefit shall be payable to him or his beneficiary in accordance with the provisions of this Section (4)(f). The annual supplemental retirement benefit, expressed in the form of a single life annuity beginning at the Officer's Normal Retirement Date (as defined in the Company's Pension Plan), shall be the excess, if any, of (A) less (B), where (A) is 1.9% (.019) of the Officer's highest three-year average Total Compensation times the number of years at termination (not to exceed twenty-five) of the Officer's service as an employee of the Company plus 0.1% (.001) of the Officer's highest three-year average Total Compensation times the number of years at termination in excess of twenty-five (not to exceed five) of the Officer's service as an employee of the Company, and (B) is the benefit payable under the Company's Pension Plan. Payment of the supplemental retirement benefit shall begin at the same time as the Officer's Pension Plan benefit payments and shall be subject to the same reductions for early commencement. The supplemental retirement benefit may be paid in any form available under the Pension Plan, as elected by the Officer prior to benefit payment commencement. The conversion factors between forms of benefits used for purposes of the Pension Plan shall be used for purposes of the supplemental retirement benefit. The form of payment of the supplemental retirement benefit may be the same or different from the form of payment of the Officer's benefits under the Pension Plan. If the form of payment provides for a death benefit, such benefit shall be payable to the Officer's estate, unless another beneficiary has been designated by the Officer. If the Officer dies prior to the commencement of benefit payments, the death benefit provisions of the Pension Plan shall apply, mutatis mutandis, to the supplemental retirement benefit payable pursuant to this Section (4)(f). The supplemental retirement benefit shall be paid from the The United Illuminating Company Supplemental Retirement Trust established pursuant to the Agreement, made as of the 1st day of June, 1995 and as amended effective December 31,1995, between the Company and State Street Bank and Trust Company, as Trustee.
Supplemental Retirement. The Employer shall make a contribution in an amount equal to the deductions made from the faculty member’s salary. Deductions shall begin in the faculty member’s third year of employment. Faculty members may withdraw their supplemental retirement funds in accordance with state and federal laws and with State Board of Investment or other third-party provider requirements, if applicable.
Supplemental Retirement. As allowed by Minnesota Statutes §§ 354C.11, 354C.12 and 356.24, the Employer will make a matching contribution up to a maximum of two thousand two hundred fifty dollars ($2,250) per Fiscal Year to each eligible faculty member’s supplemental retirement account.
Supplemental Retirement. Employee agrees to Salary Reduction Contributions to the 403(b) plan in the following amount(s) per pay period: $ Pre-tax $ A f t e r - t a x R o t h COMPANY: Companies available for the 403(b) are TIAA, Valic, Ameriprise, AXA, Fidelity, and Voya. The frequency with which a 403(b) salary reduction agreement may be entered into or amended, the compensation as to which such agreement applies and the ability to revoke such agreement shall be determined under the federal income tax rules applicable to qualified cash or deferred arrangements. 457(b) Deferred Compensation Employee agrees to defer the right to receive compensation per pay period as follows: $ Pre-tax $ A f t e r - t a x R o t h COMPANY: Companies available for the 457(b) are TIAA, Security Benefit and VALIC. Participants in Wyoming Deferred Comp should NOT use this form. This agreement is legally binding for both the EMPLOYER and the EMPLOYEE with respect to amounts earned while employment continues. This agreement shall terminate any prior Supplemental Retirement or Deferred Compensation Agreement executed between the Employer and the Employee under the 403(b) or 457(b) programs. This agreement shall continue indefinitely until amended or terminated by either party by giving at least thirty (30) days written notice prior to the date of such amendment or termination. Unless the Employer’s plan or arrangement with you provides otherwise, this agreement shall automatically terminate upon EMPLOYEE’S separation from service with the EMPLOYER. Employee may only contribute amounts that have not already been paid or made available. Employee agrees and acknowledges that contributions shall not exceed applicable limits under the plan or federal law and that Institution may limit contributions in order to comply with federal law and the plan document, if any, and Employee hereby directs that any contribution in excess of such limits be returned to Employee in accordance with governing legal requirements. Employee Signature: Date: UNIVERSITY OF WYOMING BY: Name Title
Supplemental Retirement. Income Benefit means an actuarially determined annual amount equal to One Hundred Two Thousand Three Hundred and Sixty-Two Dollars ($102,362) at age 65 if paid entirely from the Accrued Benefit Account or Sixty-Five Thousand Five Hundred and Twelve Dollars ($65,512) at age 65 if paid from the Retirement Income Trust Fund. The Supplemental Retirement Income Benefit: ! the definition of Supplemental Retirement Income Benefit has been incorporated into the Agreement for the sole purpose of actuarially establishing the amount of annual Contributions (or Phantom Contributions) to the Retirement Income Trust Fund (or Accrued Benefit Account). The amount of any actual retirement, pre-retirement or disability benefit payable pursuant to the Agreement will be a function of (i) the amount and timing of Contributions (or Phantom Contributions) to the Retirement Income Trust Fund (or Accrued Benefit Account) and (ii) the actual investment experience of such Contributions (or the monthly compounding rate of Phantom Contributions). Exhibit A
Supplemental Retirement. Employee is eligible to participate in the supplemental retirement plan and will be required to contribute three percent (3%) of pay and the City will match with two percent (2%) of pay.
Supplemental Retirement. A. Supplemental retirement provides for the continuation of medical insurance benefits for those employees choosing to retire The Board will make this option available for all eligible classified employees for the duration of the collective bargaining agreement under the following conditions:
