UC RETIREMENT PLAN DOCUMENT - UPTE-CWA

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University of California Retirement Plan Article 5 Service Credit must be received by the Plan Administrator by the later of July 1, 2000 or within 3 years after first returning to University employment as an Active Member from the Leave, but only while an Active Member of the Plan. Failure to elect to establish Service Credit within the prescribed period shall constitute an irrevocable waiver of the right to establish Service Credit for such Leave period. Payments must be completed while an Active Member over a period of 1, 2, 3, 4, or 5 years from the date of the election in accordance with Plan Regulations. The Plan Administrator may implement regulations on procedures for establishment of Service Credit including, without limitation, how the 3-year rule, the 5-year rule and minimum length of payment period rule shall be applied. Payments made to establish Service Credit under this Section shall be made as follows: (i) For elections to establish Service Credit received by the Plan Administrator on or before June 30, 1997, payments shall be made only on an after-tax basis. The following provisions shall apply if the payment schedule is not completed: (A) if an Active Member chooses to rescind an election or fails to cure a default in the payment schedule within 90 days of default, then the Active Member shall receive a proportionate amount of the Service Credit eligible to be established based on the ratio of the amount actually paid to the total amount of payments required. (B) if a Member is no longer an Active Member of the Plan due to retirement, death, disability, or separation from service, such Member shall receive a proportionate amount of the Service Credit eligible to be established based on the ratio of the amount actually paid to the total amount of the payments required. (ii) For elections to establish Service Credit received by the Plan Administrator on or after July 1, 1997, payments shall be made only on a pretax basis in accordance with IRC §414(h) and are deemed to be employer pick-up contributions. Payments on a pretax basis shall be made by an Active Member's binding irrevocable payroll authorization and such Member shall not have the option to make lump sum or September 2004 48
University of California Retirement Plan Article 5 installment payments directly to the Plan Administrator, except as may be appropriate and necessary to correct an error. The binding payroll authorization shall terminate only if the Member has a Break in Service. If the payment schedule is not completed because a Member incurs a Break in Service or is no longer an Active Member of the Plan due to retirement, death, disability, or separation from service, such Member shall receive a proportionate amount of the Service Credit eligible to be established based on the ratio of the amount actually paid to the total amount of the payments required. Effective June 1, 2003, if a Member is no longer an Active Member of the Plan due to retirement, disability, or separation from service, and has completed one year of the payment schedule through pretax payroll deductions, such Member may complete the remaining payments with a one-time lump-sum after-tax payment within 60 days after the date such Member ceases to be an Active Member. The payment may not cause the limitations of §415 to be exceeded. Effective for elections to establish Service Credit received by the Plan Administrator on or after July 1, 1997, without regard to when the Leave commenced, the minimum amount of Service Credit that shall be established is four consecutive weeks, except if a lesser period is required for vesting purposes, or is for a period of military leave in accordance with USERRA or other applicable law, or as may otherwise be required by law. (iii) Notwithstanding anything contained herein to the contrary, effective January 1, 2004, if an Active Member receives notice of an impending involuntary separation from service for budgetary reasons, but will not be vested upon such separation, and is eligible to establish Service Credit, the Member may establish Service Credit as follows: (A) if the Member has not yet commenced the payment schedule to establish Service Credit and the additional Service Credit that can be established would cause the Member to satisfy the Plan’s vesting requirements, the Member may establish the additional Service Credit with a one-time, lump sum after-tax payment made prior to the date the Member ceases to be an Active Member; or September 2004 49
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Phased Retirement Appendix A Cashou
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UCSF Stanford Health Care-Staff Pen
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Supplemental Allocation of Service
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UCSF Stanford Health Care Retiremen
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UCSF Stanford Health Care Retiremen
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UC RETIREMENT PLAN DOCUMENT - UPTE-CWA

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