Examples of Member Contribution Account in a sentence
To provide a refund of participant contributions and accumulated investment income as reflected in the separate Member Contribution Account balances.
Additional contributions by the Member and any person other than the Employer shall be credited to the Member Contribution Account.
Additional contributions by the Employer shall be credited, as directed by the Employer, to the Employer Contribution Account or the Member Contribution Account of the Member in respect of whom the additional contribution is made.
Her Member Contribution Account equals $30,000 and her Employer Contribution Account equals $30,000.
Assets in the Member’s Member Contribution Account of the previous Municipality shall be transferred to equivalent Member Contribution Accounts in the Municipality Plan in an amount equal to the amounts as of the date of transfer.
The Primary Backing must be a multi-layer backing, contain UV stabilizers and must pass 3000 hours of QUV A testing, refer to grid in section 2.1 D.
Member Contribution Account A separate account established on your behalf to hold your required contributions plus interest.
Licensees may not take A commercial fisher and his or her crew members may not take more than 100 lbs.
EXAMPLE E — If the member in Example D does not want to wait until age 65 tostart her $1,805.43 monthly annuity, but wants an immediate benefit when she stops working, she can elect to receive a single lump sum of $40,000 — the combined value of her Member Contribution Account ($30,000) and Voluntary Contribution Account ($10,000).By making this election, the member will forfeit the $18,000 vested benefit from the Employer Contribution Account and will receive no further payments from the plan.
If you don’t want to wait until age 65 to start your benefit, you can receive a single lump sum of your Member Contribution Account any time after you leave.