27 Miss. Code. R. 220-IV-4.8

Current through October 10, 2024
Section 27-220-IV-4.8 - EFFECT OF LEAVE OF ABSENCE ON CONTRIBUTIONS
a. If a Participant is on an approved leave of absence from the Employer, with Compensation, his participation in this Plan will continue unless he discontinues such participation in writing to the Third Party Administrator.
b. If a Participant is on an approved leave of absence without Compensation, said Participant thereby achieves an inactive status under this Plan. A Participant with inactive status is one for whom no deferrals are currently being made. Severance from Employment does not occur when a Participant achieves inactive status.

27 Miss. Code. R. 220-IV-4.8

Amended 10/1/2015
Amended 8/1/2016
Amended 4/1/2017
Amended 1/1/2021
Amended 4/1/2022
Amended 7/1/2023
Amended 12/1/2023