You automatically become a
participant in the Plan on the day contributions are made on your behalf to the
District 9 Plan pursuant to a Collective Bargaining Agreement or a
Participation Agreement. You choose when you want to start making 401(k)
Participants fund their own Plan
accounts. Each Participant for whom employer contributions are made to
the District 9 Plan may elect to make 401(k) contributions. You may contribute
any amount on a per hour basis, from $1.00 per hour to $10.00 per hour.
If you are age 50 or older (or you will be age 50 or older by the end of the
calendar year), you may contribute up to $12.00 per hour.
April 1st through March 31st .
You can start anytime by
written notice to your employer to have your 401(k) contributions withheld from
your paycheck and contributed to the Plan.
You are 100 percent
vested at all times in all of your accounts, even if you stop working for a
contributing employer. Either you or your beneficiary will receive your
full account balance determined at the date of distribution.