Examples of Alternative retirement plan in a sentence
Under the Alternative retirement plan, the required annual contribution for the state is 11.2 percent of each employee's salary.Under SERS, the required contribution is 54.71 percent.
Chairman Holloway explained that two years ago, a state labor arbitrator ruled the public colleges and universities must offer employees a second opportunity to convert to the State's pension retirement system, as opposed to the Higher Education Alternative retirement plan, in which many are currently enrolled.
Bubble density and rise velocity are computed in TAMOC using the mixture equation of state and tracking the evolving mixture as the bubble dis- solves.
In this chapter: 19 (1) "Alternative retirement plan" means a defined 20 contribution plan or a hybrid retirement plan.
Alternative retirement plan; contributory employment.A. Contributions made by a qualifying state educational institution on behalf of a participant together with any interest accrued on those contributions shall be credited to the benefit of the participant and shall be distributed or treated as agreed upon between the contractor or carrier providing the alternative retirement plan benefits and the board.
Alternative retirement plan; selection of contractor or carrier; administration.A. The board shall solicit and review proposals for providing retirement, death and any other benefits deemed desirable by the board for participants in the alternative retirement plan.
Alternative retirement plan; contributions.A. A participant shall contribute an amount equal to the percentage of the participant's salary that the participant would be required to contribute if the participant were, instead, a regular member.
Alternative retirement plan; election of coverage.A. Beginning October 1, 1991, any employee of the university of New Mexico, New Mexico state university, New Mexico institute of mining and technology, New Mexico highlands university, eastern New Mexico university or western New Mexico university who is eligible to become a participant may make within ninety days of that date an election to participate in the alternative retirement plan.
Alternative retirement plan; tax treatment.The board shall have the authority to determine whether the alternative retirement plan shall be qualified under Section 401(a) or 403(a) of the Internal Revenue Code of 1986, as amended, and shall make that determination based upon which choice is most advantageous to the participants as a whole.
Alternative retirement plan; tax treatment The board shall have the authority to determine whether the alternative retirement plan shall be qualified under Section 401(a) or 403(a) of the Internal Revenue Code of 1986 [26 USCS § 401(a)] or [26 USCS § 403(a)], as amended, and shall make that determination based upon which choice is most advantageous to the participants as a whole.