Alternate retirement plan definition

Alternate retirement plan means a retirement plan based on
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Alternate retirement plan means any defined contribution plan operated pursuant to the provisions of this act for the benefit of eligible employees of participating institutions;
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Alternate retirement plan means any employee retirement plan that is created solely to provide benefits for eligible employees and electing employees, as defined in this section, for periods of service on or after July 1, 2004. Such retirement plan shall be a plan meeting the requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended, operated pursuant to the provisions of this act;
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Examples of Alternate retirement plan in a sentence

  • Arkansas Code § 24-7-202, concerning definitions applicable27 to the Arkansas Teacher Retirement System, is amended to add an additional28 subdivision to read as follows:29 (44) "Alternate retirement plan" means a retirement plan based30 on the purchase of contracts providing retirement and death benefits for31 employees under § 24-7-801 et seq.


More Definitions of Alternate retirement plan

Alternate retirement plan means a retirement plan based on the purchase of contracts providing retirement and death benefits for instructors and administrative staff of the post-secondary vocational technical school of the State of Arkansas and the staff of the Department of Workforce Education and which has been approved by the board.
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Alternate retirement plan means a retirement plan based on the purchase of contracts providing retirement and death benefits for employees under § 24-7-801 et seq. or § 24-7-901 et seq.
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Alternate retirement plan means any employee retirement plan including a plan meeting the requirements of Section 401(a), 403(b), or 457 of the Internal Revenue Code of 1986, as amended, operated pursuant to the provisions of this act for the benefit of Eligible Employees of Participating Institutions;
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Alternate retirement plan means any employee retirement
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Related to Alternate retirement plan

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;