IAP account definition

IAP account means the member’s accounts, to the extent the member is vested, as set forth under ORS 238A.350.
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IAP account means the member’s employee, rollover, and employer accounts in the Individual Account Program, to the extent the member is vested in those accounts under ORS 238A.320.
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IAP account means the member's accounts, to the extent the member is vested, as set forth under ORS 238A.350 and 238A.353.¶
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Examples of IAP account in a sentence

  • If the employee IAP account under ORS 238A.300 is declared invalid or is otherwise eliminated and a replacement is not available, then effective upon the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to participating employees, or its equivalent, pursuant to the relevant chapter of law for governing PERS employee contributions.

  • If the employee IAP account under ORS.238A.300 is declared invalid or is otherwise eliminated and a replacement is not available, then effective upon the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to participating employees, or its equivalent, pursuant to the relevant chapter of law for governing PERS employee contributions.

  • The State will deduct from an employee’s salary and make the six percent (6%) employees contribution to their PERS account or Individual Account Program (IAP) account, as applicable.

  • Effective January 1, 2004, if the employee IAP account is declared invalid or is otherwise eliminated and a replacement is not available, then, effective upon the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees, its equivalent, pursuant to the relevant chapter of law for governing PERS employee contributions.

  • As of the date that an employee becomes a member of the public retirement plans’ Individual Account Program (IAP), the Cities agrees to withhold six percent (6%) of each eligible employee’s salary, as defined by the ORS, as the employee’s contribution to the employee’s IAP account.

  • As of the date that an employee becomes a member of the public retirement plans’ Individual Account Program (IAP), the City agrees to pay six percent (6%) of each eligible employee’s salary, as defined by ORS Chapter 238, as the employee’s contribution to the employee’s IAP account.

  • If you do not wish your subscription to renew automatically, or if you want to change or terminate your subscription, you will need to log in to your IAP account and follow instructions to cancel your subscription, even if you have otherwise deleted your account with us or if you have deleted the Iworkhere application from your device.

  • PERS Optional Employer IAP Program option for Administrators: • In lieu of a District Retirement Stipend, the District agrees to pay each month into the administrator’s PERS Individual Account Program (IAP) account while the administrator is employed by the District.

  • Effective February 1, 2019, the Compensation Plan salary rates for PERS participating members were increased by six percent (6%) and the State ceased “picking up” the six percent (6%) employee contribution to their PERS account or Individual Account Program (IAP) account, as applicable.

  • Effective January 1, 2004, if the employee IAP account is declared invalid or is otherwise eliminated and a replacement is not available, then, effective upon the date of its invalidation or elimination, a corresponding general salary increase of six percent (6%) shall be paid to eligible employees., or its equivalent, pursuant to the relevant chapter of law for governing PERS employee contributions.