40 08 PSPRS Retirement 06 21 05 by HC121109043746

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									                           HIGHLANDS FIRE DISTRICT
                                                HUMAN RESOURCE POLICY GUIDELINES

                               CODE/TITLE:                40.08 Public Safety Personnel Retirement System (PSPRS)
                               SECTION:                   40.00 Employee Benefits
                               APPROVED:                  04/19/05


I.     PURPOSE
       To benefit operations personnel and assist them in financial preparation for retirement.

II.    SCOPE
       This policy applies to all full-time operations personnel, as well as Fire Officers who may be classified as support
       personnel.

III.   POLICY
       It is the policy of the HFD to reward eligible personnel for their service and to aid them in preparing for their
       retirement by providing a contribution to the Public Safety Personnel Retirement System (PSPRS).

IV.    GUIDELINES

       A.      Employees are eligible for automatic participation in the retirement plan upon their date of full-time
               employment in an operations position.

       B.      The District contributes a percentage of the employee’s gross wages to the retirement account. This
               percentage is established by PSPRS on an annual basis.

       C.      Withdrawals prior to termination of employment are not permitted. The purpose of the plan is to
               provide retirement benefits, not to provide loans.

       D.      The retirement plan is administered in accordance with applicable IRS and ERISA regulations.

       E.      Further details of the PSPRS plan are available through the Administration office.




Employee Benefits                                                                40.08 PSPRS Retirement, 06/21/05

								
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