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25D - AGMT RECORDKEEPING SVC 457 PLAN
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25D - AGMT RECORDKEEPING SVC 457 PLAN
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Last modified
7/12/2018 5:33:26 PM
Creation date
7/12/2018 5:26:24 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25D
Date
7/17/2018
Destruction Year
2023
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The Separate Account E Unit Value on any date is equal to the amount <br />determined on the Valuation Date coinciding with or last preceding <br />such date. <br />(E) MARKET VALUE OF SEPARATE ACCOUNT E. We will determine <br />the Market Value of Separate Account E for each Valuation Date. On <br />any Valuation Date, We determine the Market Value under PRIAC's <br />established procedures for valuing assets. <br />1.2 VALUATION. The value of the Plan assets invested in Separate Account E is an amount <br />equal to (i) times (ii) where <br />(i) is the number of Separate Account E Accumulation <br />Units credited to the Plan under this Addendum, and <br />(ii) is the Separate Account E Accumulation Unit Value for <br />the Valuation Date. <br />(A) SEPARATE ACCOUNT E ACCUMULATION UNITS. When We <br />accept a Deposit or Transfer for the Plan into Separate Account E, We <br />credit the Plan with a number of Accumulation Units equal to (i) <br />divided by (ii) where <br />(i) is the Deposit or Transfer amount, and <br />(ii) is the Separate Account E Accumulation Unit Value as <br />of the Valuation Date on which We allocate the Deposit <br />or Transfer amount to Separate Account E. <br />When We make a Transfer, Distribution or Termination Disbursement <br />for.the Plan from Separate Account E, We debit the Plan by the number <br />of Separate Account E Accumulation Units equal to (i) divided by (ii) <br />where <br />(i) is the Transfer, Distribution or Termination <br />Disbursement amount, and <br />(ii) is the Separate Account E Accumulation Unit Value as <br />of the Valuation Date on which We make the Transfer, <br />Distribution or Termination Disbursement from <br />Separate Account E. <br />(B) SEPARATE ACCOUNT E ACCUMULATION UNIT VALUE. The <br />Separate Account E Accumulation Unit Value is the Separate Account <br />E Unit Value adjusted to reflect any applicable Asset Charge described <br />GA -2020 -SAE -0805 <br />25D-66 <br />
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