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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN
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Last modified
10/14/2015 2:06:27 PM
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10/14/2015 2:06:20 PM
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Resolution/Ordinance
Res Ord Num
R2009-37
Res Ord Title
ADOPTING POST EMPLOYMENT HEALTH PLAN - NATIONWIDE RETIREMENT SOLUTIONS
Department
City Manager
Approved Date
4/6/2009
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Post Employment Period -The period of time commencing with the Participant's date of termination, <br /> retirement, disability, death or other separation from service from the Employer, for any reason, and ending <br /> upon the later of the date the Participant's account is exhausted or the date the Participant's account is <br /> forfeited. <br /> Qualified Dependent—A Participant's spouse, as defined by the Code, or any person, who in relation to a <br /> Participant, is a dependent, as defined in Section 152(a) of the Code, entitled to benefits under the Plan. <br /> Recurring Payments - Amounts paid to reimburse post employment expenses for recurring insurance <br /> premiums for medical care. Medical care, for this purpose has the same meaning as in Section 213(d)(1) of <br /> the Code. <br /> Series - Sub-accounts of the GPVA, to which specific Fund shares are allocated and for which <br /> accumulation units are separately maintained. <br /> Suffix Account - One of two accounts within the GPVA into which deposits are allocated for ultimate <br /> allocation among one or more available Series. <br /> Unit - A statistical index measuring the net investment results of each Series of the GPVA. It is the unit of <br /> measurement used to deternune the value of a Contract. <br /> 3 <br />
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