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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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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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will not be changed even if the period certain is shorter than the maximum <br />permitted; <br />(IV) payments will either be non-increasing or increase only as <br />follows: <br />(1) by an annual percentage increase that, does not exceed <br />the annual percentage increase in a cost-of-living index that is <br />based on prices of all items and issued by the Bureau of Labor <br />Statistics; <br />(11) to the extent of the reduction in the amount of the <br />Member's payments to provide for a survivor benefit upon death, <br />but only if the Beneficiary whose life was being used to determine <br />the distribution period described in Section 43(b)(4) dies or is no <br />longer the Member's Beneficiary pursuant to a qualified dornestic <br />relations order within the meaning of Section 414(p) of the Code; <br />or <br />(iii) to pay increased benefits that result from a Plan <br />amendment, <br />(13) The arnount that must be distributed on or before the Member's <br />Required Beginning Date (or, if the Member dies before distributions begin, the <br />date distributions are required to begin tinder Sections 43(b)(2)(13)(1) or (11)) is <br />the payment that is required for one payment interval. The second payment need <br />not be made until the end of the next payment interval even if that payment <br />interval ends in the next calendar year. Payment intervals are the periods for <br />which payments are received, e.g., bi-monthly, monthly, semi-annually, or <br />NBI:790420.2 14 <br />
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