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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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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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ARTICLE VII <br />DEFINITIONS <br />7.1 Definitions. <br />"Account" means the account maintained by the Employer for each Participant <br />that is credited with the amounts provided herein. <br />"Alternate Payee" means any spouse, former spouse, child or other dependent of <br />a Participant who is recognized by a Domestic Relations Order (as defined under <br />"Qualified Domestic Relations Order" below) as having a right to receive all, or a pottion <br />of, the benefits payable under this Plan with respect to such Participant. <br />"Amended Effective Date" means December 19, 2011. <br />"Applicable Dollar Amount" means the "applicable dollar amount" as defined <br />in Code Section 457(e)(15) (as adjusted from time -to -time as set forth in Code Section <br />457(e)(15)). <br />"Approved Absence" means a leave of absence (without pay) granted to an <br />Employee under the Employer's established leave policy. <br />"Beneficiary" means the person, persons, trust or trusts designated by a <br />Participant, or, in the absence of a designation, entitled by will or the laws of descent and <br />distribution, to receive the benefit specified under this Plan if the Participant dies and <br />means the Participant's executor or administrator if no other beneficiary is designated and <br />able to act under the circumstances. <br />"Break in Employment" means any termination of employment by reason, of <br />resignation, discharge, retirement, disability, death, or other event constituting a <br />"severance from employment" as defined under Code Section 457(d)(1)(A)(ii), <br />NT31:564577.3 55A-61 <br />
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