SRIP definition
Examples of SRIP in a sentence
All employees hired prior to July 22, 1988 are in SRIP I unless they chose to enroll in SRIP II prior to December 17, 1988.
The Board and Association will begin negotiations on implementation of the (ERIP), (SRIP), and other issues which have a financial impact on the District's budget, by November 1 of each year of this Agreement.
In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP").
If a loan provision is permissible for the Deferred Compensation Plan under Internal Revenue Service rules, the Union acknowledges and understands that the City must consider the impact to all City employees before agreeing to amend either the Deferred Compensation Plan or SRIP II.
The benefit payable from the SRIP, in accordance with the plan provisions, will be based upon your benefit service through the earlier of the 18-month severance period, your retirement or your death and your pensionable earnings through the Termination Date.
The City contributes 6.7% of the participating employee's salary (up to a maximum annual salary of $32,400) into an investment account and pays into a disability insurance benefit plan on the employee's behalf; and employees may also borrow up to 50% of the balance in their SRIP II investment accounts, subject to certain limitations.
No additional service will accrue under the SHLD SRIP after such date for any purpose (e.g., eligibility or vesting).
The SRIP shall be based on the assumptions set forth on Schedule 1 to this Agreement.
Benefits Your rights to retirement benefits, including benefits under the SPP, the Supplemental Retirement Income Plan (SRIP), retiree medical and retiree life insurance, if applicable, are governed by the terms of the relevant Plan documents.
Notwithstanding any other provision contained herein, neither SHO nor any SHO Affiliate will have any Liability with respect to the SHLD SRIP for any SHO Employee, and their respective Plan Payees, except as required by Law.