UC RETIREMENT PLAN DOCUMENT - UPTE-CWA

More documents

Recommendations

Info

University of California Retirement Plan Article 5 periods on pay status before and after an approved leave of absence without pay. (c) Service Credit During Military Leave. Service Credit shall be earned without payment of Member and University Contributions by an Active Member for a period on military leave provided the Member returns to University service at the expiration of such leave in accordance with the Member's reemployment rights in compliance with 38 U.S.C. §§4300–4333, as amended by the Uniformed Services Employment and Reemployment Rights Act (USERRA), or other applicable law. The amount of Service Credit for a Plan Year during such period shall be equal to the ratio indicated in (a) above for the last 12 months of continuous service preceding the effective date of military leave. Continuous service includes periods on pay status before and after an approved leave of absence without pay. For purposes of this Section, a Member on military leave in accordance with USERRA or other applicable law shall be treated as not having incurred a Break in Service. A Member entitled to Service Credit under this subsection may, but need not, make up Member Contributions for the period of leave pursuant to Section 4.02. (d) Service Credit Established. An Active Member who is or has been without pay on account of an approved leave of absence without pay, furlough, temporary layoff, sabbatical leave, or extended sick leave, (collectively "Leaves" for purposes of 5.04(d) only) may, upon return from such status and proper request, establish Service Credit for such period by: • for that portion of the period occurring before November 1, 1990, making payment to the Plan of an amount equal to the University Contributions and Member Contributions which would have been paid to the Plan, plus interest to the date of completion of payment, and/or • for that portion of the period occurring on or after November 1, 1990, making payment to the Plan in an amount equal to the Total Normal Cost, plus interest to the date of completion of payment. An Active Member who is or has been without pay on account of a Leave which commences on or after July 1, 1997, other than military leave, sabbatical leave, furlough, temporary layoff, or extended sick leave, may only establish Service Credit for a period of up to 24 September 2004 46
University of California Retirement Plan Article 5 consecutive months for each such Leave period. The Service Credit that may be established for each Leave referred to in this paragraph is the initial 24 consecutive months if such Leave is longer than two years. A Leave referred to in this paragraph which is extended beyond its original period shall be deemed to be one individual Leave period. Except as permitted by law, effective for Leaves which commence on or after July 1, 1997, under no circumstances may a Member accrue retirement benefits for the same service both in the Plan and in another retirement system supported wholly or in part by public funds. An Active Member cannot establish Service Credit in the Plan unless the Member certifies that the Member has taken a refund of any employee contributions made to a defined benefit plan of a retirement system supported wholly or in part by public funds for the period of service being established. Effective for elections to establish Service Credit received by the Plan Administrator on or after July 1, 1997, for all Leaves, without regard to when a Leave commenced, payments shall be made in equal installments each payroll period, and the minimum length of the payment period to establish Service Credit must be at least equal to the length of the Leave period being established, rounded up to the nearest year, unless the Plan Administrator provides otherwise by Plan Regulation. Notwithstanding the above, a Member who elects retirement under the contingent provisions of the Retirement Acceleration Opportunity Program shall be subject to the limitations outlined in Section 15 of Appendix A. A Member who elects retirement under the contingent provisions of the Voluntary Early Retirement Incentive Program-II shall be subject to the limitations outlined in Section 10 of Appendix C. A Member who elects retirement under the contingent provisions of the Voluntary Early Retirement Incentive Program-III shall be subject to the limitations outlined in Section 10 of Appendix D. The Service Credit that may be established is based on the Active Member's appointment percentage prior to the start of the Leave excluding any Service Credit that may have been earned during such period. Interest shall be computed at the rate of the assumed earnings of the Plan in effect on the date of the Member's election to establish Service Credit. Effective July 1, 1997, without regard to when the Leave commenced, election to make payments to establish September 2004 47
Page 1 and 2: UNIVERSITY OF CALIFORNIA RETIREMENT
Page 3 and 4: University of California Retirement
Page 13 and 14: UNIVERSITY OF CALIFORNIA RETIREMENT
Page 45: University of California Retirement
Page 97 and 98:
University of California Retirement
Page 99 and 100:
Page 101 and 102:
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Page 109 and 110:
Page 111 and 112:
Page 113 and 114:
Page 115 and 116:
Page 117 and 118:
Page 119 and 120:
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Page 129 and 130:
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Page 137 and 138:
Page 139 and 140:
Page 141 and 142:
Page 143 and 144:
Page 145 and 146:
Page 147 and 148:
Page 149 and 150:
Page 151 and 152:
Page 153 and 154:
Page 155 and 156:
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Phased Retirement Appendix A Cashou
Page 201 and 202:
Phased Retirement Appendix A period
Page 203 and 204:
Phased Retirement Appendix A retire
Page 205 and 206:
Phased Retirement Appendix A furthe
Page 207 and 208:
Phased Retirement Appendix A assist
Page 209 and 210:
Page 211 and 212:
Voluntary Early Retirement Incentiv
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230:
Page 231 and 232:
Page 233 and 234:
UCSF Stanford Health Care-Staff Pen
Page 235 and 236:
UCSF Stanford Health Care-Staff Pen
Page 237 and 238:
Page 239 and 240:
Supplemental Allocation of Service
Page 241 and 242:
Page 243 and 244:
Page 245 and 246:
Page 247 and 248:
Academic Supplemental Allocation of
Page 249 and 250:
Page 251 and 252:
Page 253 and 254:
Page 255 and 256:
UCSF Stanford Health Care Supplemen
Page 257 and 258:
Page 259 and 260:
Page 261 and 262:
Page 263 and 264:
Page 265 and 266:
Page 267 and 268:
Page 269 and 270:
Page 271 and 272:
UCSF Stanford Health Care Retiremen
Page 273 and 274:
UCSF Stanford Health Care Retiremen
show all

UC RETIREMENT PLAN DOCUMENT - UPTE-CWA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?