Comprehensive Annual Financial Report for the Fiscal Year Ended 1989 Jun 30
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In our eReader you can find the full English version of the book. Read Comprehensive Annual Financial Report for the Fiscal Year Ended 1989 Jun 30 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Comprehensive Annual Financial Report for the Fiscal Year Ended 1989 Jun 30
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The MUS is not liable for asset management or for providing benefits after the required contributions have been made to TIAA-CREF. Approximately 20% of eligible enployees are members of the ORP. New employees have 90 days to make an election. Elections to a retirement plan are irrevocable during active employment. Enployee contributions are 7.044% of salary and employer contributions are 2.956% of salary for a total of 10% of salary contributed to the ORP. There were no related party transactio...ns in the current reporting period. (Those faculty and staff members who don't elect ORP, must elect the Teachers' Retirement System, a defined benefit plan discussed in the next section.) TIAA-CREF (in thousands) Covered Payroll $12,360 Total Payroll 58,414 Employer Contributions S 365 Percent of Covered Payroll 2.956% Enployee Contributions * 871 Percent of Covered Payroll 7.044% Defined Benefit Plans - The State contributes to nine retirement systems in three categories: (A) the State as the single enployer; (B) the State as an employer contributor to cost-sharing multiple-employer plans; and, (C) the State as a nonemployer contributor to cost-sharing multiple employer plans.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1989 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The MUS is not liable for asset management or for providing benefits after the required contributions have been made to TIAA-CREF. Approximately 20% of eligible enployees are members of the ORP. New employees have 90 days to make an election. Elections to a retirement plan are irrevocable during active employment. Enployee contributions are 7.044% of salary and employer contributions are 2.956% of salary for a total of 10% of salary contributed to the ORP. There were no related party transactio...ns in the current reporting period. (Those faculty and staff members who don't elect ORP, must elect the Teachers' Retirement System, a defined benefit plan discussed in the next section.) TIAA-CREF (in thousands) Covered Payroll $12,360 Total Payroll 58,414 Employer Contributions S 365 Percent of Covered Payroll 2.956% Enployee Contributions * 871 Percent of Covered Payroll 7.044% Defined Benefit Plans - The State contributes to nine retirement systems in three categories: (A) the State as the single enployer; (B) the State as an employer contributor to cost-sharing multiple-employer plans; and, (C) the State as a nonemployer contributor to cost-sharing multiple employer plans.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1989 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
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