Defined contribution definition

Defined contribution plan fraction" - The sum, as of the close of the Limitation Year, of the Annual Additions to the Participant's Account under the defined contribution plan(s) -------------------------------------------------------------- The sum of the lesser of the following amounts determined for the Limitation Year and for each prior Year of Service with the Employer:(i) 125% (subject to the "100% limitation" in paragraph (l)) of the dollar limitation in effect under Code Section 415(c)(1)(A) for the Limitation Year (determined without regard to the special dollar limitations for employee stock ownership plans), or (ii) 35% of the Participant's Compensation for the Limitation Year

Defined contribution. PLAN A Plan under which individual accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant's benefit under such Plan is based solely on the fair market value of his or her account balance.

Defined contribution. ’ means a contribution made to a retirement fund either by an employer, or an employee where the employee carries the investment risk and the benefits are paid based on the total contributions made plus interest;

Examples of Defined contribution in a sentence

• We do not expect there to be any costs for Defined Benefit (DB), hybrid, or Defined Contribution (DC) schemes who do not levy a flat fee on members.

• Married members must provide proof of marriage and spouse DOB. This election authorizes a transfer from the GEPP (General Employees Pension Plan) to the GEDC (City of Jacksonville General Employees Defined Contribution Plan) DB contributions will stop and DC contributions will start as part of this election You will no longer have ANY benefits in the GEPP following this election Members with less than five years of credited service will transfer employee contributions ONLY.

• Over A and B term, we worked with our sponsors and members of Defined Contribution to create a community page for the Defined Contributions team in WebEx Social to replace their then current intranet system.

• The primary goals of this project were to create a WebEx Social Community for the Defined Contribution (DC) group and to provide a set of recommendations of how to integrate the Corporate Putnam Intranet and WebEx Social.

• Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost Defined Contribution plans:The company pays provident fund contributions to publicly administered provident funds as per local NOTES TO THE FINANCIAL STATEMENTSAmount expressed in INR Lakhs unless otherwise stated regulations.

More Definitions of Defined contribution

Defined contribution or “DC” means a common type of pension where contributions are held in investments until the holder reaches their chosen retirement age;

Defined contribution simply means that the government’s contribution to premiums is the same across all the health plans.

Defined contribution means the amount that is contributed every month during your career into your retirement account will be the same percentage of your wage. The amount of funds you will have upon retirement depends on the market and how well you invest the dollars.

Defined contribution has the meaning given to it in the Railways Arrangement" Pensions Scheme;

Defined contribution or “DC Pension” means a pension that pays out a non- guaranteed and unspecified amount depending on the defined contributions made and the performance of investments.

Defined contribution. Plan Fraction" for a Participant for any Plan Year is a fraction -

Defined contribution. “DC,” or “DC Program” means the Defined Contribution Plan established under Article IV, or the Defined Contribution component of the Hybrid Plan established under Article V.