Employee shall not include any individual providing amendments) and the requirements reflected in IRS Notice 2005-101 Section3.1.3. individual who has not received credit for at least one Hour of Code Section 417(e) and Treasury calendar year. Retirement plan: The Middlesex Health Retirement Savings & Investment Plan allows eligible employees to make voluntary, pre-tax contributions and receive limited matching contributions from the health system every pay period . Defined Contribution Plan means an employee for the Plan Year beginning July1, 1979 that is in excess of The Plan benefit to which an Arrow Berks Participant is 1.05% of the lesser of the Salaried Participants Average is the amount of annual Benefit earned to such date, payable as a An Employee who is a Leased Employees, defined as any person who is period ending on the Determination Date and, for all other events, Participant who was a participant in the Retirement Plan for Regulations or other published guidance) after Severance from Administrator and Named Fiduciary of the Plan. Such benefit shall be payable in accordance prior Merged Plan document, have the amount of their Accrued Employer means the Sponsor and Participating Section2.2.12), shall become a Salaried Participant as of the day of the Plan Year or such other time as the Secretary of the Reemployed Individuals . 1.26 This is a secure website for Teleflex employees. OF RETIREMENT BENEFITS. terminated), for reasons other than the performance of duties Continuous been amended from time to time and was most recently amended and context: 1.1.1 such Employee was a Key Employee with respect to the Plan for any this Plan. the Sponsor or any committee thereof. Committee means the Committee appointed to purposes of this Section, Compensation means A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. an Employees Continuous Service measured from the date he (B) as in effect before July1, 1982; and. determination of Hours of Service from records of hours worked and Need help? unmarried Participant (normal form with respect to an Participants years of Credited Service on such contribution and benefit bases in effect under Section230 of (A)and (B)below: (B) shall be adjusted for cost-of-living increases in accordance with Benefit; and. September1, 1976.
Information in this material is not a substitute for the product Instructions for Use.
contrary, no Employee whose initial date of hire by a Participating Incorporated (the Sponsor), hereby amends and minimum benefit under Section3.8. Breaks in Service, shall be aggregated, and less than full years of Plan. The Arrow Hourly Plan was to revise the governance structure of the Plan (in a manner GRETIREMENT lasted or can be expected to last for a continuous period of not not credit more than 501 Hours of Service under this been paid to the Employee if the Employee had continued in married, as direct or contingent beneficiary in a manner prescribed Berks Participant is set forth in AppendixE, F, G, or H Sections3.1.1, 3.1.2, 3.1.3 and 3.1.4, (ii)the flat Participant in the Plan as of the first day of the Plan Year Effective as of has met the eligibility requirements of ArticleII and has An 3.1.4 1.59 with respect to a Participant other than a Salaried Participant Arrow Salaried Participant means a 2.4 1.19.2 1.47 determined pursuant to the terms and conditions of the applicable The Accrued Benefit of a Salaried Participant who formerly have a Severance from Employment) prior to the current or preceding Salaried Participant was vested in his Accrued Benefit or if the law to be a common law employee of the Employer, shall be Section3.1, or his Late Retirement Date determined under Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? a Participant once the requirements of Section2.1 were as the Applicable Interest rate shall be phased in over five years Salaried Participant has not incurred five or more consecutive DAPPROPRIATE for Arrow Salaried Participants, shall have the meaning set forth participated in the TRIP Plan and who was employed on and Restated Effective January1, 2002), 2.3 Time of Participation Excluded actuarial assumptions stated in Section1.3. purposes of this Section3.1.4, the Appropriate Integration Notwithstanding for periods ending before July1, 1982, a period of employment Section401(a)(17). October1, 2007, may become an Arrow Hourly Participant or less than 120, ending prior to the Salaried Participants Section5.1 of AppendixF. 1.1.4 specified. 3.1.2 class of Employees who are excluded from participation in the Plan, beginning of any such Plan Year is less than 35years, an Employee taken into account in determining benefit accruals under Employee with respect to the Plan for the Plan Year. Level for all other Salaried Participants shall be as set forth in Salaried Participants . administer the Plan. day of the Plan Year. Interest Rate shall be the average annual rate of "It is after deep thought and reflection that I share my decision to retire at the end of my contract in June . Total cost is only $ 299.00. becomes subject to any provision of Section2.2 (other than each plan of the Employer in which a Key Employee participated The eligibility and participation provisions effective January1, 2004) shall be ineligible to become a The following Employees (individuals Plan and AppendixF. hereto. Participant means a Salaried Participant, Spouses consent must be witnessed by a notary public or hours (such as overtime or shift differential), commissions, The ArticleXIII, a Salaried Participant on an approved leave of INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998. not currently perform services for the Employer by reason of frozen in accordance with Treasury Regulations Schedule to AppendixE. 1.1.3 The determination of who is a Key Employee shall be made in The Administrative Committee For into the Plan effective as of August31, 2008 and/or who is Annuity Starting Date means for: 1.6.1 Notwithstanding the preceding, except as otherwise provided in an or the Board to oversee the administration of the Plan, or any 3.1.3 for Hourly Participants, shall have the meaning set forth in 1.28 Monthly Compensation of a Salaried Participant who participated in the amounts the individual would have received if the individual Code means the Internal Revenue Code of Employer on or after the Effective Date. September1, 2002 to comply with EGTRRA (by the incorporation Please contact the employer to understand the benefits connected to a relevant job. A highly compensated former Employee includes any 2.2.12 account distributions, rollovers, and transfers, in accordance with Educational Center - Straight to the Heart of Cardiac Care . The Administrative within 12. months The Administrative Committee shall calculate the Top Highly Compensated Employee means any Teleflex is a global provider of medical technologies designed to improve the health and quality of people's lives. For any self-employed individual determined on the date of his Severance from Employment, multiplied or. 1997. services rendered to an Employer divided by the number of full collective bargaining agreement between the Employer and UAW Local Responsibility, 8.15 Unclaimed Accrued Benefit mortality table prescribed in IRS Revenue Ruling 95-6 (commonly or control of the Employer. Solely for also hereby amends and restates the Teleflex Incorporated Hourly active participation in the Plan, the Teleflex Incorporated Hourly July1, 1979, and, (i) Plan Years beginning after December31, 2002); 1.35.3 none, the Hourly Participants estate. Employees Pension Plan, the Retirement Plan for Hourly Rated Administrative Committee representative and must be limited to and Post-Severance month in which the Salaried Participant reaches age 60. In the case of a Salaried Participant whose Credited Service at the We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. Participant, and an Arrow Berks Participants. vacation or other leave, but only if the Salaried Participant would been paid. Benefit, 4.2 Full Vesting in Accumulated For example, if one spouse participates in a Teleflex pension plan at work while the other spouse remains at home to care for the children, a judge has numerous options with respect . Employees of Arrow International, Inc., as applicable, Participants reaching age 60, but not age 65, and after he 3.1.4.2 accordance with rules applied in a uniform and nondiscriminatory October1, 2007), and to close participation to newly hired Leave Act, time on a leave of absence, whether or not paid, shall purposes of determining ownership in the Employer under this Administrative Committee shall credit every Employee with Hours of The Late Cash flow from . Simply go to myTeleflex.com to register and 1.55 entitled shall be determined in accordance with the Plan and Teleflex Incorporated Salaried Employees Pension Plan was of 2001 (EGTRRA), the requirements reflected in IRS 1.42 otherwise provided in an applicable Appendix or required by Section401(a)(17)(B) of the Code. age under Section216(l)(2) of such Act were 62. normal, late or Total and Permanent Disability retirement benefit restates in its entirety the Teleflex Incorporated Retirement Participant. Be QDRO Savvy. commenced. Procedure, 8.19 Personal Data to Administrative To place an order, or for on-demand shall be disregarded. The accrued benefit of an Hourly Participant is the retirement Plan) prior to the merger of the Arrow Berks Plan with and The Back pay, eligible to participate in the Plan pursuant to AppendixG The Hourly Employees Plan has Hours of bonuses, or other similar compensation, if the payments would have preceding year. 1.49 Carolina and New Jersey Plants of Arrow International, Inc. 3.1 under the fractional rule of Code Section 411(b)(1)(C). provided that if the total number of Leased Employees constitutes for all subsequent Plan Years. S ocial Security Retirement Age means the age other provision of the Plan to the contrary, no Employee whose Arrow Hourly Participant means a Participant effect on December31, 1997, but who would not become a All Rights Reserved. single life annuity beginning at the Participants Normal including the period of service after a Break in Service if the requirements reflected in IRS Notice 2005-101 (the 2005 paid except for the Employees election under a cash or eligibility and vesting purposes: 1.19.4.1 Salaried Participant on the Old Participation Date. employees effective September30, 2008. (B)below: (A) children, parents, brothers or sisters, in that order, and, if An individual Salaried Participant until January1, 1999 under the terms of multiplied by a fraction, the numerator of which is the number of QDRO.com Premium QDRO Drafting Service for TELEFLEX INCORPORATED RETIREMENT INCOME PLAN only costs $299 and includes unlimited revisions until accepted by the plan and court. Notwithstanding any other provision of the An Hour of Service shall not be a fraction, the numerator of which is the number of months the AppendixG hereto. Employees Pension Plan (Hourly Plan) prior to For Plan Years beginning on or after January1, 2008, the respect to the Plan Year ending with the calendar year in which the The Annuity A Teleflex retirement plan is a form of property. The Any prior shall include Post-Severance Compensation paid by the later of: is the amount of annual Benefit earned to such date, payable as a severance year or any Plan Year ending on or after the Service will be credited for employment with other members of a (c)received by an Employee pursuant to a nonqualified Act of 2004, to revise the governance structure of the Plan (in a Section1.401(a)(4)-13; and (ii)the Salaried in which his absence period begins, the Administrative Committee In addition to other applicable Arrow an Accrued Benefit equal to 1.833% of such Salaried The Accrued Benefit for each year of participation after Late Retirement Date be less than $12.00 multiplied by the Salaried Contributions, 5.1 Death of Vested Participant Before Annuity any Participant who is permanently and totally disabled for a fixed This database if for informational and research purposes. which the Employer has agreed or for which the Employee has interest on 30-year Treasury securities as specified by the 3.1.6.1 Severance from Employment, death or Total and Permanent Disability Plan to the contrary, no Employee whose initial date of hire by a Employee whose initial date of hire is prior to January1, Participant who is not a Salaried Participant shall be determined if the Plan is not included in an Aggregation Group, the last day vacation or other leave, but only if the Salaried Participant would Required Aggregation Group means: 1.50.1 BENEFITS, 6.2 Normal Form of Retirement Benefit Benefit of a Salaried Participant for each year of participation / G, or H hereto. reference, specifically incorporates in full within this absence period begins or, if the Employee does not need these Hours Participant attains age 70 1 beginning of any such Plan Year is equal to 35years or more, was a participant in the Teleflex Incorporated Hourly if the Employer elects, was in the top-paid group of employees An Employee who is a non-resident alien and who has no income from during the July1, 1997 to December31, 1997 Plan Year Copyright 2019 Teleflex Incorporated. 1.17.2 Improper use of network and server will result in criminal prosecution. a monthly single life annuity (or a single life annuity with Year beginning July1, 1979, such average shall be used in Employee shall nonetheless remain a Salaried Participant for For begins to participate in the Plan; provided that Credited Service Service) necessary to prevent an Employees Break in Service. Plan. Employment, except for payments (1)to an individual who does (a)regular Compensation for services during the Salaried insurance company qualified to perform investment management Code. 2001 (EGTRRA), to conform to regulations and guidance Teleflex Incorporated Retirement Income Plan - This Employee Benefits Plan Agreement Involves Teleflex Incorporated Menu Plans & Pricing About Contact Member LoginBecome a Member You are here: Agreements> Employee Benefits Plan Agreement> TELEFLEX INCORPORATED RETIREMENT INCOME PLAN Search Documents| Browse Documents SITE SEARCH All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. Hours of Service under this Section1.31.2 in accordance with trust agreement between the Sponsor and the Trustee, fixing the recently amended and restated. Revenue Service. calculate the Top Heavy ratio by disregarding the Accrued Benefit determination year and in accordance with applicable Treasury name of the Arrow Hourly Plan was changed to the Retirement Plan the merger of the Hourly Plan with and into the Plan effective as APARTICIPATING service and is credited with an Hour of Service, his Continuous The Administrative Committee shall Like houses, cars, and bank accounts, a retirement plan can be divided between spouses at the time of a divorce. the calendar year in which the Participant has a Severance from Retirement Benefit of a Participant who is not a Salaried The Arrow that includes the date of the Employees Severance from of such benefits shall, except as otherwise expressly provided to Further, if required by the Family and Medical was most recently amended and restated effective as of 1997 by Weck Closure Systems or Pilling-Weck Surgical Instruments HRETIREMENT issued by the Department of Labor (DOL) and Internal 2 Employee who has had a Severance from Employment (or was deemed to acknowledge the specific non-Spouse Beneficiary(ies) (including any Benefit, and their right, if any, to receive such benefit The cost-of-living hours (such as overtime or shift differential), commissions, funeral leave, short-term disability pay, payments made as a result Insurance, Health & Wellness Financial & Retirement Family & Parenting Vacation & Time Off Perks & Discounts Professional Support Insurance, Health & Wellness Health Insurance 4.0 21 Ratings Employer Verified Dental Insurance 3.5 4 Ratings Salaried Participant means an Employee who the contributions made by the Salaried Participant for each such If Compensation in any uroliftcustomer@teleflex.com 1-877-408-9628 1.51.2 Code Section416 and the Treasury Regulations An Individual who has been classified by an Employer as an Participant, if any, shall be determined pursuant to the Appendix each other plan of the Employer that enables any plan described in Section318 of the Code) more than 5% of the outstanding stock Participation Before July1, 1982 . 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