a. POC/deferred comp amendmnt
Laserfiche
>
Public
>
County Commission
>
2002
>
10-07-2002
>
Consent agenda
>
a. POC/deferred comp amendmnt
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/7/2004 2:13:57 PM
Creation date
10/1/2002 6:05:42 PM
Metadata
Fields
Template:
General
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
(ii) The amount or percentage, or the manner to be used in determining the amount or <br /> percentage, of the PARTICIPANT's benefit to be paid by the PLAN to the <br /> ALTERNATE PAYEE; <br />(iii) The number ofpaymants or period to which the order applies; and <br />(iv) The applicability of the order to the PLAN. <br /> <br />13.03 <br /> <br />When the EMPLOYER has determined that a valid domestic relations order applies to a <br />PARTICIPANT's accomt[, the EMPLOYER shall notify the ADMINISTRATOR and <br />provide the ADMINISTRATOR witJ~ ali pertinent information regarding the domestic <br />relations order, including the information set forth in Section 13.02. The EMPLOYER <br />shall direct the ADMINISTRATOR to comply with the domestic relations order and <br />specify the value or benefit el' the PARTICIPANT's account to which the ALTERNATE <br />PAYEE is entitled. Once the ADMINISTRATOR has received fi.om the EMIPLOYER <br />the required infurmation and direction, the ADMINISTRATOR shall establish a separate <br />account for the ALTERNATE PAYEE and place the value or benefit of the <br />PARTICIPANT's account in the ALTERNATE PAYEE's account as requested by the <br />EMPLOYER. <br /> <br />13.04 <br /> <br />The ALTERNA'£1E PAYEE is entitled to receive distributions immediataly upon the <br />estabtisfunent of his or her accotmt under Section 13.03, and commencement of <br />distributions must begin no later than April 1st following the year in which the <br />ATLERNATE PAYEE attains age 70 V2, in accordancc with the terms of Section 8.02. <br />Distributions made to an ALTERNATE PAYEE are reported as tmxable income to the <br />ALTEP,.NATE PAYEE. State taxes, if applicable, and Federal taxes will be withheld <br />from any distribution on the ALTERNATE PAYEE's account based upon the tax <br />withholding elections of the ALTERNATE PAYEE. The ALTEP,~NATE PAYEE may <br />not make any contributions to an account established under Section I3.03. The <br />ALTERNATE PAYEE is permitted to name beneficiaries to his or her account and <br />exercise exchanges among the funding options as permit[ed by the PLAN and the <br />investment providers under the PLAN. <br /> <br />IN WITNESS WHEREOF, the undersigned has executed this Amendment this <br /> ,20 <br /> <br />day of <br /> <br />(Name of Einployer) <br />By: <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.