West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• Control #: US-EG-9312
• Format: Word; Rich Text

Description

Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan between Semiconductor Components Industries, LLC and Motorola, Inc. regarding benefit pension plan meeting requirements of the Internal Revenue Service dated May 10, 1999. 6 pages. The West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legally binding document that facilitates the transfer of retirement benefits from Motorola, Inc.'s pension plan to the West Virginia Retirement System (WARS) for eligible employees. This transfer agreement ensures the seamless movement of pension assets, ensuring the financial security of retirees and active plan members. Motorola, Inc. is a renowned telecommunications company that offers its employees a comprehensive pension plan to safeguard their retirement income. The company recognizes the importance of providing retirement benefits to its workforce, and through this transfer agreement, it facilitates the seamless transition of these benefits to the WARS. The West Virginia Retirement System serves as a custodian of retirement benefits for public sector employees in the state of West Virginia. By entering into this agreement, Motorola, Inc. aims to leverage the expertise and stability of the WARS to administer and manage retirement benefits efficiently. This transfer agreement offers several benefits to both parties involved. For eligible Motorola, Inc. employees, it ensures the continuity and security of their retirement benefits by transferring them to a trusted and well-established retirement system like WARS. It provides them with the peace of mind that their hard-earned pension assets will be diligently managed and safeguarded. On the other hand, the agreement benefits the West Virginia Retirement System by expanding its pension portfolio and attracting more participants. It allows WARS to welcome new members from Motorola, Inc. and utilize their pension contributions to strengthen the overall investment pool, ensuring the sustainability and growth of retirement benefits for all plan participants. It is crucial to note that there may be variations of the West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan based on specific details and terms negotiated between the parties involved. These variations may include different eligibility criteria, transfer procedures, or even supplemental agreements addressing unique circumstances. In conclusion, the West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a significant collaboration that safeguards retirement benefits for eligible employees of Motorola, Inc. By transferring their pension assets to the West Virginia Retirement System, participants can trust that their financial future is secure and well-managed. This agreement exemplifies the commitment of both Motorola, Inc. and WARS towards ensuring the long-term stability and prosperity of retirement plans for their respective members.

The West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a legally binding document that facilitates the transfer of retirement benefits from Motorola, Inc.'s pension plan to the West Virginia Retirement System (WARS) for eligible employees. This transfer agreement ensures the seamless movement of pension assets, ensuring the financial security of retirees and active plan members. Motorola, Inc. is a renowned telecommunications company that offers its employees a comprehensive pension plan to safeguard their retirement income. The company recognizes the importance of providing retirement benefits to its workforce, and through this transfer agreement, it facilitates the seamless transition of these benefits to the WARS. The West Virginia Retirement System serves as a custodian of retirement benefits for public sector employees in the state of West Virginia. By entering into this agreement, Motorola, Inc. aims to leverage the expertise and stability of the WARS to administer and manage retirement benefits efficiently. This transfer agreement offers several benefits to both parties involved. For eligible Motorola, Inc. employees, it ensures the continuity and security of their retirement benefits by transferring them to a trusted and well-established retirement system like WARS. It provides them with the peace of mind that their hard-earned pension assets will be diligently managed and safeguarded. On the other hand, the agreement benefits the West Virginia Retirement System by expanding its pension portfolio and attracting more participants. It allows WARS to welcome new members from Motorola, Inc. and utilize their pension contributions to strengthen the overall investment pool, ensuring the sustainability and growth of retirement benefits for all plan participants. It is crucial to note that there may be variations of the West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan based on specific details and terms negotiated between the parties involved. These variations may include different eligibility criteria, transfer procedures, or even supplemental agreements addressing unique circumstances. In conclusion, the West Virginia Retirement Plan Transfer Agreement for the Motorola, Inc. Pension Plan is a significant collaboration that safeguards retirement benefits for eligible employees of Motorola, Inc. By transferring their pension assets to the West Virginia Retirement System, participants can trust that their financial future is secure and well-managed. This agreement exemplifies the commitment of both Motorola, Inc. and WARS towards ensuring the long-term stability and prosperity of retirement plans for their respective members.