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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2011
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PUBLIC AGENCY RETIREMENT SERVICES (PARS) - 2011
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Entry Properties
Last modified
8/5/2016 2:45:04 PM
Creation date
8/8/2011 10:39:04 AM
Metadata
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Template:
Contracts
Company Name
PARS (PHASE II SYSTEMS)
Contract #
A-2011-114
Agency
Personnel Services
Council Approval Date
4/18/2011
Expiration Date
4/7/2016
Insurance Exp Date
5/8/2017
Destruction Year
2021
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ARTICLE III <br />VESTING <br />3.1 Vesting <br />A Member will be fully Vested in his or her Retirement Benefit upon meeting the <br />requirements of Section 1.1, <br />3.2 Full or Partial Termination <br />Notwithstanding the vesting schedule, upon the complete discontinuance of Employer <br />contributions to the Plan or upon any full or partial termination of the Plan, the Member's <br />Retirement Benefit shall become one hundred percent (I O0%) Vested. <br />3.3 Attainment of Normal Retirement Age <br />A Member shall be fully Vested in his or her Retirement Benefit upon attainment of <br />Normal Retirement Age and fulfilling all requirements established in Section 1.1. <br />3.4 Effect of Vesting <br />Vesting shall entitle a Member to payment during his or her lifetime of the Retirement <br />Benefit at the times and upon the conditions specified herein, and shall entitle the Member's <br />survivor or Beneficiary to any death benefits provided herein. Any unpaid Retirement Benefits <br />are forfeited upon the Member's death under the Normal Form of Benefit. <br />NB 1!790420.2 9 <br />
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