Employer Additional Contributions Employer Agreement to Pay Cost of Actuarial Reduction Attached is a comparison of these two methods. These employers could elect to increase the amount of such prior service credit in addition to, or instead of, the methods described on the following pages.
Eligibility ceases if employment status terminates for any reason.
Includes employes on leaves of absence. If leave of absence continues beyond three years, employment is deemed terminated at the end of the third year of leave and eligibility ceases. No employe contributions required. Employer additional contributions are subject to the maximum contribution limits set by the Internal Revenue Code. Payment must be received in a lump sum.