Retiring After: | |
5-6 years: | The member's contributions plus 20 percent of the sponsor's contributions. |
6-7 years: | The member's contributions plus 40 percent of the sponsor's contributions. |
7-8 years: | The member's contributions plus 60 percent of the sponsor's contributions. |
8-9 years: | The member's contributions plus 80 percent of the sponsor's contributions. |
9-10 years: | The member's contributions plus 100 percent of the sponsor's contributions. |
over 10 years: | 100 percent of all contributions. |
(b) This summary shall be provided to each service awards program participant within 6 months from the date the program participation commences. In addition, any material modification to such program provisions shall be communicated in writing to each participant within 6 months after the later of the date modification is adopted or the date it is effective. A copy of this program, the summary of the program, and documents related to the funding or investment of the assets of the program and of any contracts or agreements with service providers to the program shall be made available for inspection or copying by a program participant or beneficiary at the sponsor's main office.