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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2020
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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2020
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Last modified
8/20/2024 11:32:07 AM
Creation date
6/23/2020 8:58:21 AM
Metadata
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Template:
Contracts
Company Name
PUBLIC AGENCY RETIREMENT SERVICES (PARS)
Contract #
A-2020-119
Agency
Finance & Management Services
Council Approval Date
6/2/2020
Expiration Date
6/30/2027
Insurance Exp Date
7/30/2023
Destruction Year
2031
Notes
For Insurance Exp. Date see Notice of Compliance; A-2016-170,A-2016-375, A-2016-170-01
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TABLE Or CONTENTS <br />Page <br />Introduction................................. .......................................................................... I <br />Article I Participation.................................................................. <br />I,1 Eligibility for Benefits ...................................... <br />1.2 Participation...................................................... <br />1.3 Reemployment as an Eligihle Employee.......,.. <br />IA Qualified Military Service ................................ <br />L5 Designation of Beneficiary ............................... <br />................................... 2 <br />............................... . ... 2 <br />................................... 2 <br />........... 2 <br />.......................................... 3 <br />Article 11 <br />Contributions..................................................................................................... <br />6 <br />2.1 <br />Employer Contributions............................................................................. <br />6 <br />2.2 <br />Employee Contributions............................................................................. <br />6 <br />2.3 <br />Limitations on Contributions...................................................................... <br />6 <br />2.4 <br />No Other Contributions . ............................ ................................ <br />................. 7 <br />2.5 <br />Coordination With Other Plans.................................................................. <br />7 <br />ArticleIII <br />Vesting.............................................................................................................9 <br />3.1 <br />Vesting ........................................ ...................... ......... .:............................... <br />9 <br />Article IV <br />Distributions.................................................................................................. <br />10 <br />4.1 <br />Distribution of Benefits............................................................................ <br />10 <br />4.2 <br />In Service Distributions........................................................................... <br />10 <br />4.3 <br />Qualified Domestic Relations Order ........................................................ <br />11 <br />4.4 <br />Direct Rollovers....................................................................................... <br />12 <br />4.5 <br />Purchase of Service Credit....................................................................... <br />14 <br />Article V <br />Administration, Amendment And Termination .............................................. <br />15 <br />5.1 <br />Rules and Regulations..............................................................................15 <br />5.2 <br />Amendment andTermination...................................................................16 <br />Article VI <br />Miscellaneous................................................................................................17 <br />. <br />6,1 <br />Participant's Right Not Subject to Execution'... ............. <br />......... . .............. 17 <br />6.2 <br />Investment................................................................................................ <br />17 <br />63 <br />Valuation..................................................................................................17 <br />lv[i L'S6as77.3 55A-41 <br />
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