BUY BACK OF REFUNDED SERVICE ELIGIBILITY

Зарегистрируйтесь, чтобы просмотреть полный документ!

BUY BACK OF REFUNDED SERVICE

ELIGIBILITY • Received cash refund upon previous termination • Re-enrolled in Plan within 31 days of rehire or eligibility • Did not waive enrollment

APPLICATION PROCESS • Employee completes Eligibility Checklist & Enrollment card – Must not waive enrollment – Must be within 31 days of enrollment • Activity faxes both forms to MRG – Fax copies to MRG – Fax copy of new enrollment card – Follow-up by mailing original copy of card

APPLICATION PROCESS • MRG responds to activity with Buy Back amount and options • Activity responds to MRG with signed election form – May be faxed or scanned • Payment(s) must begin within 31 days of the election date

REPAYMENT OPTIONS • One Lump Sum – By personal check • One Lump Sum – One-time biweekly payroll deduction • Biweekly Payroll Deductions – $50 minimum, but not to exceed two years

RESULTS • MRG updates activity when paid in full • Service is credited after paid in full • Service is included in calculation of the participant’s annuity

REMINDERS • Always ask employee about prior enrollment / refunded service during New Hire Orientation • Always note prior enrollment on card • If uncertain, double check with MRG before mailing card

CONTACT QUESTIONS? Contact: Karen Oehlschlager Voice: (703) 432 -0423 Fax: (703) 432 -0436 oehlschlagerka@usmc-mccs. org

Скачать презентацию BUY BACK OF REFUNDED SERVICE ELIGIBILITY

8aca0c5bf236f37f42f52e20016a56d0.ppt

Количество слайдов: 8