Noncontributory service definition

Noncontributory service means credited service rendered under the noncontributory plan.
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Noncontributory service means service on which a member does not make member contributions to ATRS and for which the member accepts a reduced retirement annuity for the member’s years of noncontributory service;
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Noncontributory service means credited service rendered
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Examples of Noncontributory service in a sentence

  • If you return after the end of the next calendar year, you will lose (forfeit) all of your credited service and will “earn back” at no cost, one month of forfeited Noncontributory service credit with each credited month of re-employment.

  • Purchasing service may increase a plan member’s benefit.2.1 Non-contributory service (less than half-time service)Plan members may be eligible to purchase periods of service when they worked for a plan employer but did not contribute to, or accrue service in, the Teachers’ Pension Plan.

  • Non-contributory service is a period of time when you worked for a College Pension plan employer but did not make pension contributions.

  • Noncontributory service is service on which a member does not make member contributions to the Teacher Retirement System and accepts a reduced retirement annuity for the years of service on which he/she does not contribute.

  • Purchase or sell real estate, unless acquired as a result of ownership of securities or other instruments and provided that this restriction does not prevent the Fund from investing in issuers which invest, deal, or otherwise engage in transactions in real estate or interests therein, or investing in securities that are secured by real estate or interests therein.

  • BUYBACK COST EXAMPLESThe following table shows examples of the member’s cost for two common types of buyback:• Non-contributory service under the OPSEU Pension Plan, the PSPP or its predecessor– including contract/unclassified employment, and• Unpaid pregnancy, parental or adoption, family medical leaves and leaves due to illness.The cost shown is for one year of credit, based on the Plan’s normal contribution rate.

  • Creditable Service – Total of All Service Noncontributing • Service time for which member receives retirement credit • 6% not withheld Examples: short-term, extended short-term and long-term disability Noncontributory service can also be included in your creditable years and months of service.

  • The service that you “earn back” will be credited as Noncontributory service.

  • Noncontributory service for active members is estimated from member’s contributory service by adjusting the present value of benefits projected from contributory service alone.


More Definitions of Noncontributory service

Noncontributory service means credited service
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Noncontributory service means credited service rendered under the noncon- tributory plan.
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Noncontributory service means credited service rendered under the non- contributory plan.
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Related to Noncontributory service

  • contributory means a person liable to contribute towards the assets of the company in the event of its being wound up.

  • Contributory drainage area means the area from which stormwater runoff drains to a stormwater management measure, not including the area of the stormwater management measure itself.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;

  • D&O Liability Insurance Policies means all insurance policies (including any “tail policy”) of any of the Debtors for liability of any current or former directors, managers, officers, and members.

  • Claims-made coverage means an insurance contract or provision limiting

  • contributory employment and support allowance means an allowance under Part 1 of the Welfare Reform Act 2007 as amended by the provisions of Schedule 3, and Part 1 of Schedule 14, to the Welfare Reform Act 2012 that remove references to an income-related allowance and a contributory allowance under Part 1 of the Welfare Reform Act 2007 as that Part has effect apart from those provisions;

  • Property Insurance is defined in Section 6.10(a).

  • insurance business means one or more aspects of the business of selling, issuing or underwriting insurance or reinsurance.

  • Affordable Housing Cost means an amount satisfied by:

  • life insurance business means the business of providing or undertaking to provide policy benefits under life policies;

  • long-term insurance business means the business of providing or undertaking to provide policy benefits under long-term policies, but does not include -

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.

  • Credit property insurance means insurance:

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • Coverage or “Covering”) shall mean that the developing, making, using, offering for sale, promoting, selling or importing of a given compound, formulation or product would infringe a Valid Claim of an issued patent in the absence of a license under such Valid Claim. The determination of whether a compound, formulation or product is Covered by a particular Valid Claim shall be made on a country-by-country basis.

  • Tail risk means a risk that occurs either where the frequency of low probability events is higher than expected under a normal probability distribution or where there are observed events of very significant size or magnitude.