Examples of DCPF Participant in a sentence
In the case of a DCPF Participant, the amount of DCPF Contributions for a Plan Year will be equal to (a) the contribution amount that would have been credited to a DCPF Participant under the DCPF if (i) the Thrift Savings Plan included such DCPF Participant’s Annual Incentive Award in determining the contribution, and (ii) there was no Statutory Compensation Limit in effect, minus (b) the amount actually credited to a DCPF Participant under the Thrift Savings Plan.
Amendment Number 5 Effective January 1, 2017, the amount of any Annual Variable Pay Award to be counted and included in the Employer Compensation Credit for a Management DCPF Participant has been increased from 25% to 36% of the Management DCPF Participant’s rate of base annual salary or pay in effect as of December 31st of the Plan Year prior to the Plan Year in which the Annual Variable Pay Award is paid.
Effective January 1, 2017, the Company will establish a separate Defined Contribution Pension Account for each Management DCPF Participant, including each such person rehired, reemployed, reinstated, returning after a break to or otherwise on the active payroll on or after January 1, 2017, and each Management Employee who exercised his or her Pension Choice in favor of participating in the DCPF (each a “Management DCPF Participant”).
Participant may also include a DCPF Participant and a DCPF Section 415 Participant when the context requires.1.51 Pension Choice means such term as defined in the Retirement Plan.
Amendment Number 6 Article XV, Defined Contribution Pension Formula, Section 15.01, Definitions Applicable to the Defined Contribution Pension Formula, Subsection 15.01(b) DCPF Participant is amended, by adding at the end of the Subsection, the following sentence: Effective January 1, 2019, A DCPF Participant also includes CEB Direct Hires.
For Plan Years beginning on or after January 1, 2017, a DCPF Participant who is either automatically covered under the DCPF or made an election under the Pension Choice Program to be covered under the DCPF, must elect to defer at least 8% of his or her Compensation earned in such Plan Year as a Basic Salary Deferral.