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ICMA-RC VANTAGECARE 1A
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ICMA-RC VANTAGECARE 1A
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Last modified
10/10/2022 2:04:36 PM
Creation date
7/30/2012 9:13:32 AM
Metadata
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Template:
Contracts
Company Name
ICMA-RC VANTAGECARE
Contract #
A-2011-258-01
Agency
PERSONNEL SERVICES
Expiration Date
11/27/2016
Destruction Year
2021
Notes
A-2011-258--CTRAX
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❑ There is no Plan - defined limit on the percentage or dollar amount of earnings that may be contributed. <br />❑ % of earnings* <br />*Definition of earnings: ❑ Same as Section VI.A.. ❑ Other <br />❑ $ for the Plan year. <br />See Section V.B. for a discussion of nondiscrimination rules that may apply to non - collectively bargained self - insured Plans. <br />VII. Vesting for Direct Employer Contributions <br />A. Vesting Schedule (check one box) <br />® The account is 100% vested at all times. <br />❑ The following vesting schedule shall apply to Direct Employer Contributions as outlined in Section VI.B. I.: <br />Years of Service Vesting <br />Completed Percentage <br />% <br />% <br />B. The account will become 100% vested upon the death, disability, retirement *, or attainment of benefit <br />eligibility (as outlined in Section IX) by a Participant. <br />*Definition of retirement (check one box): <br />❑ Retirement as defined in the primary retirement plan of the Employer <br />❑ Separation from service <br />❑ Other <br />C. Any period of service by a Participant prior to a rehire of the Participant by the Employer shall not count <br />toward the vesting schedule outlined in A above. <br />VIII. Forfeiture Provisions <br />t'pon separation from the service of the Employer prior to attainment of benefir eligibility (as outlined in Section IV or <br />upon reversion r o t he Trust of a Participant's account assets remaining upon the participant's death (as outlined in Section <br />XI), a Participant's non - vested funds shall (check one box): <br />❑ Remain in the Trust to be reallocated among all remaining Employees participating in the Plan as Direct Employer <br />(:ontributions for the next and succeeding contribution cycle(s). <br />0 Remain in the Trust to be reallocated on an equal dollar basis among all Plan Participants. <br />❑ Remain in the Trust to be reallocated among all Plan Participants based upon Participant account balances. <br />❑ Revert to the Employer. <br />
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