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Employers Manual
Defined Contribution & Combined Plans
Eligibility
Members with less than five years of service credit as of June 30, 2001,
were given a one-time opportunity to transfer to either the Defined
Contribution or Combined Plan by Dec. 27, 2001. The decision was irrevocable.
New members on or after July 1, 2001, may choose the Defined Benefit, Defined Contribution or Combined Plan. New members have 180 days from their first date on payroll to select a plan. If a selection is not made, the member defaults to the Defined Benefit Plan. Members selecting the Defined Contribution or Combined Plan have another opportunity to remain in the plan they’ve selected or transfer to a different plan before their fifth anniversary of membership.
