Combined Plan definition
Examples of Combined Plan in a sentence
The State Teachers Retirement (STRS) Option offers a choice between three different STRS plans: Defined Benefit Plan, Defined Contribution Plan, or Combined Plan.
Combined Plan Limit of Code Section 415(e) Employers who adopt this Prototype Plan may not elect to continue to apply the combined Plan limit of Code Section 415(e) in years beginning after the date the Employer adopts its GUST-related Plan.
If an employee elects either the OPERS Traditional Pension Plan or OPERS Combined Plan, participants with five (5) years of total service may retire at age 60, or at age 55 with twenty-five (25) years of total service, or at any age with thirty (30) years of total service.
No. 128] (the “Confirmation Order”), confirming, as modified therein, the Combined Plan of Reorganization and Disclosure Statement of Volusion, LLC Pursuant to Chapter 11 of the Bankruptcy Code [Dkt.
OSU contributes as follows: • STRS – Defined Benefit (DB) Plan: 14% of your eligible compensation • STRS – Combined Plan: A set percent goes to the STRS Defined Benefit pension plan to help fund your future STRS DB retirement benefits.
In January 1991, the Combined Plan was amended to add a new Part IX-A thereto to cover the future service of employees previously covered under Part IX of that plan.
References to the Combined Plan shall include a reference to any successor plan thereto.
OSU contributes as follows: • STRS – Defined Benefit (DB) Plan: 14% of your eligible compensation • STRS – Combined Plan: 14% goes to the STRS Defined Benefit pension plan to help fund your future STRS DB retirement benefits • STRS Defined Contribution: 14% of your eligible compensation as follows: 9.53% goes to your individual STRS account and 4.47% goes to the STRS Defined Benefit Plan to help past servce liabilies, as required by law.
Except to the extent otherwise provided herein, all terms under this Plan shall have the same meaning as they have under the Pension Plan or under Parts IX and IX-A of the Combined Plan, as the case may be.
The sole exception to a retired unit member not migrating shall occur when a retiree or dependent requires medical coverage not offered by the Medicare Advantage Plan and/or a Medicare Combined Plan.