Member Contribution Account definition

Member Contribution Account means the account established by the Trustee in respect of a Member and managed by the Trustee in accordance with the Schedule applicable to the Division.
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Member Contribution Account means the account established pursuant to Section 9.02.
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Member Contribution Account means the account established pursuant to Section
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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.


More Definitions of Member Contribution Account

Member Contribution Account means the account kept for a Member under clause 10.5(a). "Member Representative" means a member of a Committee appointed under clause 17.2(b). "Month" means a calendar month.
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Member Contribution Account. An individual account for each Member which is credited with his Member contributions made prior to January 1, 1987 and which is credited with (or debited for) such account's allocation of net income (or net loss) and changes in value of the Trust Fund.
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Member Contribution Account means the total maintained by the plan of the member’s mandatory contributions, indebtedness principal and interest payments, interest credited to each of those accounts, and adjustments to the account in accordance with AS 14.25.173;
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Member Contribution Account means the account kept for a Member under rule 10.5(a).
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Related to Member Contribution Account

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Member contribution means a contribution under regulation 32;

  • Member contributions means all amounts paid to ASRS by a member.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Member Account means the regular account and the variable account.

  • Rollover Contribution means any rollover contribution to the Plan made by a Participant as may be permitted under Article V.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Employer Contributions means all amounts paid into ASRS by an

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.