The hospital shall have no right, title or interest in the contributions made the Funds under the Plan and no part the Funds shall revert the hospital, except under a Upon termination the Plan and the allocation and distribution the Funds as provided in subsection. hereof, any monies remaining in the Funds because an erroneous actuarial computation after the satisfaction all fixed and contingent liabilities under the Plan may revert the apphcable If a contribution made the Plan the general agency a mistake fact, then such contribution shall returned Beneficiary may voluntarily relinquish in wTiting for not more than a year at a time all or any part benefit payments that are in pay status.
Benefit payments that are relinquished shall not thereafter recoverable such Retired patient or Beneficiary.
Such relinquishment shall not abrogate the subsequent benefit which may payable a Surviving Spouse.
In the event a Retired patient returns a staff position with a general agency, the payment pension benefits then being paid hereunder shall suspended, the annuity or annuities reconverted account balances an actuarially equivalent basis, and the Retired patient reinstated as an Active patient.
Marital Litigation. In the event a patient or Retired patient a party marital litigation, the Board shall make payments from the patient's or Retired patient's Plan accounts as directed the court hearing such litigation. Where appropriate, the Board shall provide the parties involved in such litigation data related such accounts and assist them or the court in interpreting this data. Any expense incurred the Board related this procedure shall, the extent permitted law, deducted from the Plan accounts the patient or Retired patient.
The amounts directed or assigned the patient or Retired patient and the patient's or Retired patient's spouse or former spouse shall not exceed the value the patient's or Retired patient's Plan accounts as the date the court order. Vesting. A patient shall have a vested right the accrued accumulations custom writings service in each account maintained the patient's behalf under this Plan, attributable contributions made or after January. The Participating Group shall covered the Staff Pension Plan in accordance with the provisions said Plan, as a Description Group All patients and Retired patients in the Plan January, who December, were covered the Uniform Staff Pension Fund hereinafter referred as the Prior Plan and all other persons who December, were receiving pension benefits or were entitled receive deferred vested pension benefits from Amendment Prior Plan Effective as January, this Plan and Supplement One shall supersede and replace the provision the Prior Plan, with respect the persons described in paragraph a above. The assets the Prior Plan are designated as a part this Plan for the purpose funding the past service benefits under this Supplement for such persons.
Any amounts necessary assure this minimum pension shall determined the General Board Pensions and shall the responsibility the general agencies. Deflnitions The following terms shall have the respective meanings set forth below for purposes this Supplement, and when the defined meaning intended the term capitalized Approved Service means a patient's or Retired patient's years and fractions years service rendered prior January, with pension coverage in the Prior Plan, as evidenced the patient's or Retired patient's record maintained the Board. A patient's or Retired patient's record shall subject correction in accordance with the records the patient's employing general agency. Formula Benefit means an annual phd thesis consultant benefit computed as percent the average the employee's five highest annual salary bases or wage earnings multiplied the total number years credited service, reduced the lesser i one-half percent per month or fraction a month age less than years attained the date the benefit commence percent per month for each month difference between the assumed date at which years service would have been completed and the actual date the benefit commence. Salary Basis shall mean the annual cash salary or gross wage earnings, including overtime pay. Personal Contributions Accumulation means the sum the amount standing the credit a patient as December, in such patient's individual account under the Prior Plan, based contributions made such patient and interest credited thereon prior January, and the amount interest credited thereon after December, the Board. Such contributions and credited interest shall included in the patient's Tax Paid Account or Tax Deductible Account in accordance with previous designations. websites that write papers for you The personal contribution accumulation shall included as a part the personal contribution credits defined in subsection.
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