魅影视频

Section 530.030.A.16A

16A. Healthcare Participant means, effective as of January 1, 2027, a Participant hired or rehired on or after October 1, 2019, who is classified as an employee of the MU Healthcare business unit.

Section 530.030.A.19

19. Matching Contribution means a contribution to the Plan made by the University in accordance with Section 530.030.C.1.b.; 530.030.C.1.c.1); or 530.030.C.1.d.

Section 530.030.B.1

B. ELIGIBILITY AND PARTICIPATION

1. Participation

Subject to the requirements of Section 530.030.C., an employee shall become a Participant in the Plan on the date the employee becomes an Eligible Employee. Effective September 1, 2026, an employee who becomes an Eligible Employee solely because of such employee鈥檚 participation in a Defined Contribution Plan Opt-In Program shall become a Participant in this Plan on the date such employee鈥檚 accrued benefit under the RDD is transferred to this Plan.   Effective January 1, 2027, each Participant who is classified as an employee of the MU Healthcare business unit as of that date shall become a Healthcare Participant, and thereafter any Participant who is classified as an employee of the MU Healthcare business unit shall be a Healthcare Participant while so classified.

Section 530.030.C.1

C. CONTRIBUTIONS AND ALLOCATIONS

1. University Contributions
   1. University Nonelective Contributions for (i) Participants Hired On or After October 1, 2012 but prior to October 1, 2019 and (ii) Healthcare Participants. The University shall contribute to the Plan for each payroll period, a Nonelective Contribution in an amount equal to two percent (2%) of each such Participant's Compensation for each payroll period.
   2. University Matching Contributions for Participants Hired On or After October 1, 2012 but prior to October 1, 2019. The University shall contribute to the Plan, a Matching Contribution in an amount equal to one hundred percent (100%) of the amount contributed by such Participant to the University's 457(b) Eligible Deferred Compensation Plan for each payroll period; provided, however, the Matching Contribution will not exceed three percent (3%) of the Participant's Compensation for each payroll period.

   3. University Matching Contributions for Participants Hired or Rehired On or After October 1, 2019, other than Healthcare Participants and Participants who Participated in a Defined Contribution Plan Opt-In Program.

      1) The University shall contribute to the Plan a Matching Contribution in an amount equal to one hundred percent (100%) of the amount contributed by such Participant to the University's 457(b) Eligible Deferred Compensation Plan for each payroll period; provided, however, the Matching Contribution will not exceed eight percent (8%) of the Participant's Compensation for each payroll period. The University also shall contribute to the Plan true-up Matching Contributions in an amount not to exceed eight percent (8%) of a Participant's Compensation for each payroll period (taking into account any Matching Contributions for such payroll period) until the earlier of: (i) a Participant's Compensation for the Plan Year reaches the limit described in Section 530.030.A.9.h, or (ii) the aggregate amount of Matching Contributions and true-up Matching Contributions made to the Plan during the Plan Year equal one hundred percent (100%) of the amount a Participant contributed to the University's 457(b) Eligible Deferred Compensation Plan for such Plan Year. 
      2) The University shall make a Nonelective Contribution for each payroll period to those Participants who have: (i) contributed the maximum amount for the applicable year permitted under Section 580.010.C.3 of the University's 457(b) Eligible Deferred Compensation Plan and, (ii) received the maximum amount of Matching Contributions and true-up Matching Contributions that could be received with respect to the Participant's contribution to the University's 457(b) Eligible Deferred Compensation Plan available under Section 530.030.C.1.c.1) for the applicable Plan Year. The Nonelective Contribution for such a Participant shall be an amount equal to up to eight percent (8%) of the Participant's Compensation for the applicable Plan Year (depending on the percentage of Compensation contributed by such Participant to the University's 457(b) Eligible Deferred Compensation Plan) less the Matching Contributions and true-up Matching Contributions contributed to the Plan for such Plan Year on behalf of such Participant under Section 530.030.C.1.c.1) above, and further subject to applicable contribution limits. 
      3) Without limiting its reservation of rights to amend or modify the Plan as a whole under Section 530.030.K, the University may modify the amount or design of, or elect to discontinue, such Matching Contribution true-up Matching Contribution, and Nonelective Contribution at any time. Notwithstanding the foregoing, the University may not modify this Plan in a manner that prevents a Participant who was accruing benefits under the RDD at the time such Participant transferred his or her accrued benefit under the RDD to this Plan as part of a Defined Contribution Plan Opt-In Program, from receiving the Matching Contribution and/or true-up Matching Contribution as described in the applicable Defined Contribution Plan Opt-In Program. 
      4) Notwithstanding any provision in this Plan to the contrary, in no event shall a Participant who is otherwise eligible to receive Matching Contributions under this Section 530.030.C.1.c also be entitled to accrue additional benefits upon rehire as a Member under the RDD Plan, even if a court or administrative agency determines that such a Participant be reinstated as a Member under the RDD Plan. In the event an individual is reinstated as a Member under the RDD Plan, such individual shall not be entitled to receive Matching Contributions under this Section 530.030.C.1.c.

   4. University Matching Contributions for Healthcare Participants. The University shall contribute to the Plan a Matching Contribution in an amount equal to fifty percent (50%) of the amount contributed by such Healthcare Participant to the University's 457(b) Eligible Deferred Compensation Plan (taking into account amounts contributed up to eight percent (8%) of the Healthcare Participant's Compensation), for each payroll period. The maximum Matching Contribution available to a Healthcare Participant is four percent (4%) of the Healthcare Participant鈥檚 Compensation.
   5. Allocation of University Contributions. The University's Contributions shall be allocated to Participant's Accounts in accordance with the Contribution formula provided in Sections 530.030.C.1.a.- d.