Accumulated contributions definition

Accumulated contributions means the sum of all

Accumulated contributions means the sum of all amounts deducted from the compensation of a

Accumulated contributions means, for each member, the sum of the

Examples of Accumulated contributions in a sentence

• If the Member has ten (10) or more Years of Service upon the change in employment status, he may leave his Accumulated Contributions in the Plan until his Normal Retirement Date; or he may elect to receive the amount of his Accumulated Contributions in a lump sum payment, or he may request that his Accumulated Contributions be rolled over to an eligible retirement plan, and shall cease to be a Member.

• If the Member has less than ten (10) Years of Service upon the change in employment status, he shall be distributed his Accumulated Contributions in the Plan in a lump sum payment or he may request that his Accumulated Contributions be rolled over to an eligible retirement plan and shall cease to be a Member.

• Notwithstanding the immediately preceding paragraph, the Married Member’s spouse, at the spouse’s election, or the Single Member’s designated beneficiary, at the designated beneficiary’s election, may receive the Member’s Accumulated Contributions at date of death in lieu of the monthly Death Benefit.

• If a Member who terminated employment dies after becoming eligible for a Deferred Vested Severance Benefit but prior to the payment of benefits as set out in Article 8, then the Member’s Accumulated Contributions shall be paid in a lump sum payment to his designated beneficiary or to his estate as provided in Section 7.04.

• If a Member who terminated employment dies after becoming eligible for a Deferred Vested Severance Benefit but prior to the payment of benefits as set out in Article VIII, then the Member’s Accumulated Contributions shall be paid in a lump sum payment to his designated beneficiary or to his estate as provided in Section 7.04.

More Definitions of Accumulated contributions

Accumulated contributions means the sum of all amounts deducted from the

Accumulated contributions at any time means the sum of all amounts deducted

Accumulated contributions means the sum of all amounts credited to a contributor's individual account in the employees' savings fund together with any interest credited to the contributor's account under section 145.471 or 145.472 of the Revised Code.

Accumulated contributions means the sum of all the regular and any additional contributions made

Accumulated contributions means the employee's

Accumulated contributions means the contributions of a member to the teachers' savings fund, including picked-up member contributions as described in KRS 161.540(2), plus accrued regular interest;

Accumulated contributions at any time means the sum of all amounts deducted from the compensation of a member and credited to his individual account in the member's account, including employee contributions picked up after August 1, 1982, pursuant to KRS 16.545(4), together with interest credited on such amounts as provided in KRS 16.505 to 16.652, and any other amounts the member shall have contributed, including interest credited. For members who begin participating on or after September 1, 2008, "accumulated contributions" shall not include employee contributions that are deposited into accounts established pursuant to 26 U.S.C. sec. 401(h) within the funds established in KRS 16.510, 61.515, and 78.520, as prescribed by KRS 61.702(2)(b);