Examples of DC Plan in a sentence
Eligible employees will have immediate vesting of their mandatory contributions and employer contributions made to the DC Plan and their salary deferrals made to the 457 Plan.
The Employer will make matching contributions to the DC Plan based on the participants’ voluntary contributions under the 457 Plan, up to the maximum set forth in the table above in paragraph (b).
Participants shall make mandatory contributions under the DC Plan and may make voluntary contributions under the 457 Plan.
The Employer also will make employer fixed and matching contributions to the DC Plan.
Such an Electing DB member’s prior accumulated contributions plus interest thereon made under the Retirement System automatically shall be transferred from the Retirement System to the DC Plan through a direct plan-to-plan transfer.