Forms & Publications

SJCERA GLOSSARY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term Definition
Non-Discrimination A condition for determining plan qualification under ERISA. Requires that plan benefits do not favor highly compensated employees .
Non-Qualified Retirement Plan Plans that provide benefits in excess of those possible within qualified plans, or otherwise do not meet IRS requirements, and therefore do not qualify for favorable tax treatment.
Noncontributory Plan A noncontributory plan is a retirement plan that does not require its members to make contributions in order to earn service credit.
Nonservice-Connected Death A nonservice-connected death is determined to be unrelated to a member’s employment. Only the surviving spouse or minor children of a member with at least five years of service credit are eligible to receive a continuance allowance provided by a nonservice – connected death.
Nonservice-Connected Disability A nonservice-connected disability is an injury or disease, not related to a member's employment, that permanently prevents her from performing the duties of his/her job. Only contributory members with at least 5 years of service credit are eligible to receive nonservice-connected disability benefits.
Nontaxable Contributions After-tax or nontaxable contributions are member contributions made through payroll deductions prior to 12/23/96 (or any lump-sum payment other than a rollover made by a member regardless of date) and taxed at the time they were made. Nontaxable contributions are not subject to taxation when a member withdraws them or retires, although the interest earned on them is taxable.
Normal Retirement Age (NRA) The age as established by a plan, when retirement normally occurs. Since unreduced Social Security benefits currently are available at 65, that is the most common normal retirement age. offset retirement formula A formula by which some part of the employee’s Social Security benefit is subtracted from a defined amount, to determine the benefit from the retirement plan. The amount of offset is limited by IRS regulations.