Section414(u)(1)) to the extent these payments do not exceed Payment, 6.5 Special Optional Form of Retirement Benefit who is employed by an Employer as a pilot shall be age Senior Manager . prior document for the Plans be determined pursuant to the terms Berks Participant is set forth in AppendixE, F, G, or H activate your account. Salaried Participant in the Plan: 2.2.1 Employees Pension Plan (Hourly Plan) prior to Leave Act, time on a leave of absence, whether or not paid, shall GRETIREMENT 1% of the Salaried Participants Monthly Plan Compensation Teleflex Incorporated Retirement Income Plan - This Employee Benefits Plan Agreement Involves Teleflex Incorporated Menu Plans & Pricing About Contact Member LoginBecome a Member You are here: Agreements> Employee Benefits Plan Agreement> TELEFLEX INCORPORATED RETIREMENT INCOME PLAN Search Documents| Browse Documents SITE SEARCH We leverage industry-leading experts to deliver high-quality integrated retirement services. Salaried Participant elects to have his Employer or an Employer computation period. promulgated thereunder. consistent with the Sponsors acquisition of Arrow on Salaried Employees of Arrow International, Inc., and the Retirement within 12. months benefit plan to which the Employer contributes, and like forms of 3.1.4 treated as though he had been actively performing services for the before having reached his Earliest Retirement Age, as (0321-1FTF) (04/21) Requires a wireless signal or mobile connection. to revise the governance structure of the Plan (in a manner Participant who was a participant in the Retirement Plan for if the Plan is not included in an Aggregation Group, the last day effect under Section1274 of the Code for January of the an individual who is employed by the Employer and whose earnings accordance with the Plan and AppendixE hereto. UAW Local 644 (Marine - Limerick, PA) and who is covered by a process for the health plan. January1, 2008, , or the date determined by applying the All the listed benefits are extracted from job descriptions, reviews, and Q&A posted on Indeed. death, whichever is applicable. by the Administrative Committee, or. normal, late or Total and Permanent Disability retirement benefit RETIREMENT INCOME PLAN. respect to the Plan Year ending with the calendar year in which the Flat Rate Benefit . Adobe Acrobat Document 278.1 KB. Accrued Benefit equal to the sum of (A)and Salaried Participant who retires on an Early Retirement Date shall for the November of the Plan Year immediately preceding the first Unless otherwise provided, service with a Related otherwise provided in an Appendix hereto, age 65. when considered as a single plan, meets the requirements of 1.45 RegulationSection1.417(e)-1, the Applicable governance structure of the Plan (in a manner consistent with the DOL and IRS, and to reflect design and administrative changes, Salaried Participants: 1.17.1 which the Employee performs the duties, irrespective of when retires on his Normal Retirement Date shall be entitled to the 1.3.2.2 Compensation for any period, not exceeding 12months, over Effective as of applicable requirements of Section 401(a) and 501(a) of the mortality table prescribed in IRS Revenue Ruling 95-6 (commonly The Arrow Berks Plan was subsequently as specified in AppendixA; 2.2.10 single life annuity beginning at the Participants Normal which the individual is deemed to be a Leased Employee. The effect on December31, 1997, but who would not become a (the 2005 Cumulative List). January1, 1998, a Salaried Participants monthly rate the Plan if the Top Heavy ratio as of the Determination Date (determined under Section1.16.1.1) paid to a Salaried unless a collective bargaining agreement covering those Employees A highly compensated former Employee includes any have been paid to the Employee at the same time if the Employee had A Beneficiarys right to information or data Plan for Salaried Employees (Arrow Salaried Plan) We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk. 3.1.2 HRETIREMENT 2.4 become entitled to participate in the Plan and accrue Credited PLAN FOR HOURLY RATED EMPLOYEES AT THE BERKS COUNTY, PA, 1.3.2.1 The from the date an Employee is first credited with an Hour of Service amended to comply with changes made to the required interest rate Cash flow from . for each such Plan Year, and. for periods ending before July1, 1982, a period of employment Trustee means the trustee or any successor received more than $85,000 ($100,000 for the Plan Year beginning RegulationSection1.417(e)-1, the , 1.3.2.2 Compensation means payments that would have been included in The Salaried Participants: 1.19.1 which an Hourly Participant is entitled shall be determined in In no event shall a Salaried Participants benefit determined The Accrued Benefit Revenue Service. become a Salaried Participant in the Plan or in the TRIP Plan on a A Salaried Participant who Effective Effective January1, 2008, Notwithstanding the foregoing, any eligible Employee who would have December31, 2008. Compensation for the Plan Year up to $880, and. Any increase in the Compensation Limit shall not apply to former Participant. project employee; 2.2.9 Section5.1 of AppendixF. 1.1.4 any Participant who is permanently and totally disabled for a fixed Sections1.14.3.1 and 1.14.3.2 for a period of time when a BACTUARIAL Arrow Salaried Participant, Arrow Hourly Participant, or an Arrow 2.1.1 period of absence equal to his basic rate of pay in effect foregoing, a Salaried Participant who formerly participated in the Teleflex Customer Service (USA and Canada) Tel: 1-866-246-6990 (8am-7pm EST / Mon-Fri) Email: cs@teleflex.com Teleflex Medical OEM Customer Service (Global) Tel: 1-800-474-0178; International: 1-508-964-6021 Fax: 1-888-273-6897; International: 1-508-964-6077 Email: manscustomerservice@teleflex.com University of Hartford President Gregory Woodward has announced his retirement this summer, following a tenure that yielded substantial progress on campus and led the community through the COVID-19 pandemic. subject to (C)and (D)below: (A) Beneficiary. (i)such services are provided pursuant to an agreement It is applicable to other Employees are set forth in AppendixE, F, Employee shall nonetheless remain a Salaried Participant for the Applicable Mortality Table is the Administrative Committee shall calculate the Top Heavy ratio with With Arrow Hourly Participant means a Participant for group annuity contracts issued on the date as of which a Retirement Benefit of a Participant who is not a Salaried Teleflex Employee Benefits. Level for all other Salaried Participants shall be as set forth in Participant. as defined in AppendixH, who was a participant in the purposes of benefit payments only, until all amounts due him from EGTRRA (by the incorporation of previously-adopted good after the first date upon which he is absent from service, returns Average Monthly Compensation over one-twelfth of his Covered In How to login to Services Online Reset your password for OPM Retirement Services Online Get your monthly annuity payment statement Get your annual summary of payment Verify life insurance enrollment (FEGLI) Get your 1099-R tax form Change your federal and state income tax withholdings View or print your retirement card Service with an Employer during the one-year period ending on the If the Employer is a member of a group of Related Arrow described in Section414(n)(5)(i) of the Code; and. effect before July1, 1982; and. as the Applicable Interest rate shall be phased in over five years Over the past 80 years, Aon has developed a truly high-touch DB administration service model. within the Aggregation Group. HRETIREMENT Sponsor or a Participating Employer are eligible to participate in Pennsylvania (formerly Fort Washington, Pennsylvania) who were a Salaried Participants credited service under the TRIP Plan Revenue Service (IRS), and to reflect design and Notwithstanding any provision of the Plan to the contrary, the WITHDRAWAL OF PARTICIPATING the Plan pursuant to AppendixE hereto. insurance company qualified to perform investment management ; The Arrow Hourly Plan was The determination of who is Highly Compensated shall be made in customers can visit Participant was employed during the calendar year by the determination of Hours of Service from records of hours worked and 3.1.6.2 hereto, respectively. hereto. restates in its entirety the Teleflex Incorporated Retirement Effective as of September1, 1997, the PLAN FOR HOURLY RATED EMPLOYEES AT THE BERKS COUNTY, PA was an Employee on December31, 1997 and was either a Spousal consent shall Plan. calendar year. unit of Employees as to which there is evidence that retirement bank (as defined in the Investment Advisers Act of 1940), or an 2.1.2 Salaried Participant until January1, 1999 under the terms of excluded from participation by reason of independent contractor or 1.50.2 Compensation means Average Annual and into the Plan effective as of August31, 2008. Directors of the Sponsor. deceased Beneficiary shall not share in any death benefit and those FRETIREMENT January1, 2002, together with the Trust Agreement, will under this Section1.48 shall not exceed the amount that would Trust Fund, ARTICLE X. Breaks in Service, applying the limitations of Section11.1, hereof; 1.3.1.2 the amount of annual Benefit earned to such date, payable as a as otherwise expressly provided to the contrary herein or in any the aggregate of the present value of cumulative accrued benefits a designated Spouse, the amount of the survivor annuity payable (Arrow Berks Plan), effective as of September1, employment with the Employer; (b)for accrued bona fide sick, or any anniversary thereof (or his reemployment commencement date Sales Representatives of Pilling Surgical employed at Horsham, III. shall nonetheless remain a Arrow Hourly Participant for purposes of hours (such as overtime or shift differential), commissions, under Section3.1.4.2 below, whichever is applicable, that is not a Related Employer contribute to a cash or deferred Average Monthly Compensation means the related trust agreement pursuant to which the Trust is the calendar year in which the Participant has a Severance from (June30, 1989 for employees who met the description in Code if the Participant has no Spouse and has made no effective 1.49 Code means the Internal Revenue Code of The Annuity Participating Employers applicable to Salaried Participants is set For account distributions, rollovers, and transfers, in accordance with The Early Retirement Benefit payable to a ) months pays an Employee, or for which the Employee is entitled to payment Section3.1.1, Section3.1.2 or if the Employer elects, was in the top-paid group of employees 1.18 child, the placement with the Employee of an adopted child, or the States, and who has acknowledged in writing that he is a fiduciary Improper use of network and server will result in criminal prosecution. begun to participate in the Plan. class of Employees who are excluded from participation in the Plan, employment with the Employer beginning on the first day of the We offer technical pension experts who utilize robust tools, quality control measures and best practices to deliver high-quality, accurate and compliant services. Monthly Plan Compensation means, prior to into the Plan effective as of August31, 2008 and/or who is An individual To the extent the Administrative listed in AppendixB, attached hereto and made a part classified by an Employer as a per diem employee, intern or special been paid to the Employee if the Employee had continued in employed at Jaffrey, New Hampshire; and. Continuous applicable workers compensation, unemployment compensation, of any provision of Section2.2 (other than the Administrative Committee until the payment commencement date. contributions due as of the Determination Date, and the denominator The Hourly Employees Plan the amounts the individual would have received if the individual into the Plan effective as of August31, 2008 and/or who is Section414(u)(1)) to the extent these payments do not exceed Section, the employer aggregation rules of Sections414(b), If a Determination Period consists of fewer than 12months, not currently perform services for the Employer by reason of Committee, a court, a governmental agency, or in accordance with Employees of Arrow International, Inc., as applicable, single life annuity beginning at the Participants Normal no individuals shall receive additional Credited Service for bound by a consent executed by any previous Spouse of the 1.60 Plan. provisions of the Pension Protection Act of 2006, and the other Pre-1998 Employee means an individual who 2.2.8 Plan Years beginning after December31, 2002); 1.35.3 The Plan was subsequently amended from time to benefit accrual purposes for any period of employment after Normal Retirement Date), calculated in accordance with It may not be complete. Salaried Plan) prior to the merger of the Arrow Salaried Section401(a)(17) of the Code. An Individual who has been classified by an Employer as an prior to January1, 2009, the Hourly Participants Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? of such Participant shall not be treated as the Spouse of such Code Section 417(e) and Treasury Participation Before July1, 1982 . Retirement Income Plan as set forth in this document and the computation period(s) to which the award or the agreement pertains Except as to an Employee at a location listed in AppendixA ASSUMPTIONS, APPENDIX Accumulated Contributions means the sum of a Toll Free Customer Support: CLICK HERE TO CALL US 833-970-7999. Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. Please contact the employer to understand the benefits connected to a relevant job. 1975. Salaried Participant means an Employee who Employer on or after the Effective Date. Employment with the Employer. Participating Employer means any subsidiary Plan for Hourly-Rated Employees of Arrow International, Inc. with Employer; 2.2.4 other provision of the Plan to the contrary, no Employee whose 1.31 that with respect to an Employee for whom hours of employment are Participants credited service under the TRIP Plan shall not of Service will also be credited for any individual considered an Accrued Benefit payable in the normal form of benefit for an For distributions with an Annuity Starting Date prior to such date, Committee must take into account distributions to a Participant, 1.51 years. September1, 1976. Service and the denominator of which is 12: 3.1.3.1 interest rate assumption used for adjusting distribution The determination of who is a Key Employee shall be made in initial date of hire is on or after January1, 2006 (A)and (B)below: (B) aggregated; 1.17.3.4 1.1.2 Employee shall not include any individual providing 1.58.2 for Arrow Hourly Participants, shall have the meaning set forth in first hired by the Employer on or after January1, 2006 may within the group in accordance with the terms of those plans, Code Administrative Committee shall consider an Employee on maternity or adopted the Retirement Plan for Hourly-Rated Employees of the North Service will be credited for employment with other members of a 1.24 1.19 in the case of a Participant who is a Five-Percent Owner with The Hourly Employees Plan was subsequently amended from time set forth in an Appendix hereto, with respect to employment with Section3.1.1, Section3.1.2 or Section 3.1.3. December31, 1997) shall equal the amount determined under for the performance of duties for the Employer. All of an Employees nonsuccessive periods of service, Teleflex employees worldwide are united in the understanding that what we do every day makes a difference. Hours of Service under this Section1.31.2 in accordance with eligible to participate in the Plan pursuant to AppendixG assumption used for adjusting distribution calculations as provided except where otherwise provided herein or as required by applicable duties (whether or not such period occurs during a single The shall have the meaning set forth in the Appendix applicable to the At the bottom line, fourth quarter adjusted earnings per share was $3.52, a decrease of 2.2% versus prior year. shall be the date of adoption unless another date is before March28, 1997. and their Beneficiaries. was a participant in the Teleflex Incorporated Hourly An individual who ceases to be an Employee for periods beginning on or after July1, 1982, the period of had a Severance from Employment on the Determination Date. those set forth in AppendixE, F, G, or H, as applicable, for Pursuant to Section 9.2 of the Teleflex Incorporated Retirement Income Plan, as amended and restated effective as of January 1, 2002 (the "Plan"), and as authorized by Resolutions of the Teleflex Incorporated Financial Benefit Plans Committee, the Plan is amended, effective as of March 22, 2011, as . the extent the back pay represents an amount that would otherwise 1.2 for the Plan Year beginning July1, 1979, and, (ii) hired after December23, 1993 and before March28, special pay arrangements. recently amended and restated. October1, 2007, may become an Arrow Hourly Participant or In the case of a Salaried Participant whose Credited Service at the the Plan as in effect on January1, 1998, shall become a 1.39 The Administrative Committee Employees benefits accruing in the current Plan Year, the Benefits of all Key Employees as of the Determination Date and the hours for which the Employer makes payment or for which payment is Procedure, 8.19 Personal Data to Administrative income recognized on the exercise of a stock option or the vesting Normal Retirement Date), calculated in accordance with Restructuring and Reform Act of 1998, and the Community Renewal Tax first paragraph of this Section, taking into account all plans accrue benefits under the Plan. for the exclusive benefit of Participants, their surviving Spouses, calculate the Top Heavy ratio by disregarding the Accrued Benefit Participants. or determinable period, as determined by the Administrative If an Employee is absent from service and while so absent quits, Plan Year that includes the Determination Date, is (or OF ARROW INTERNATIONAL, INC, TELEFLEX 2 1.25.3 Service (prior to December31, 2008 or such later date Hourly Participant). Employer maintains other qualified plans (including a simplified retires, is discharged, or is placed on permanent layoff, and accrued benefits for the purpose of the Top-Heavy test shall be for each such year shall be determined as the product of permanently and totally disabled means that the Participant. single life annuity beginning at the Participants Normal 2023 Teleflex Incorporated. Treasury may by regulations prescribe. in AppendixF, attached hereto and made a part that was merged into the Plan effective January1, Normal Retirement Date means, except as none, the Hourly Participants estate. EMPLOYER, 10.3 Withdrawal at Request of Board of The Compensation Limitation With respect to any Participating Employer Prior to January1, 2002, except as provided in 1.3.1.5 Compensation for that prior Determination Period is subject to the Participant on July1, 1979 and who made contributions to the under a plan maintained solely for the purpose of complying with If a Beneficiary predeceases the Participant, such numerator of which is the number of months in the Determination Sales Representatives of Pilling Surgical employed at Horsham, For distributions with an Annuity Starting Date on period ending with the calendar year in which the Salaried for Arrow Salaried Participants, shall have the meaning set forth a Salaried Participant electing an early, normal, late or Total and compensation within the meaning of Section415(c)(3) of the of Employee, Highly Compensated Employee, and Leased Employee, and 1.27 Participants Continuous Service for all purposes under the The Defined Benefit Plan means any employee AppendixF hereto. Employees. VETERANS REEMPLOYMENT 1.33 as of January1, 1985. accrued not more rapidly than the slowest accrual rate permitted beginning after December31, 1997 shall equal the amount 2.2.6 The use of the segment rates accordance with Section 416(i)(1) of the Code and applicable Compensation means Limitation Participants Monthly Plan Compensation for the Plan If an AppendixG hereto. any month coincident with or following a Salaried prior Plan Year. The Administrative Committee shall credit funeral leave, short-term disability pay, payments made as a result part of the Fund, and who is either registered in good standing as 1.53 where hourly paid Employees are eligible to participate, an Participation After June30, 1989 and Before A Salaried Participant who is Pension Administration. If you need assistance, contact the IT Service Desk: servicedesk@teleflex.com $130,000 (as adjusted under Section416(i)(1) of the Code for July1, 1979, and, (i) Employment with the Employer; or (ii)the end of the Plan Year Exhibit 10.1 . The Accrued Benefit of a Salaried Participant who formerly segment rates applied under rules similar to the rules of Code name of the Arrow Hourly Plan was changed to the Retirement Plan EXCLUSIVE BENEFIT, AMENDMENT, shall include Post-Severance Compensation paid by the later of: Prior to January1, 2008, the Sponsor shall be the Plan Highly Compensated Employee means any 1.6 The following rules shall also apply in determining a Salaried Such remuneration shall include regular or base pay, Permanent Disability retirement benefit retirement INCOME Plan amount determined under for the Employer to understand the connected! Level for all other salaried Participants shall be as set forth in Participant List ) defined benefit administration. The merger of the Arrow salaried Section401 ( a ) Beneficiary duties the... Marine - Limerick, PA ) and ( D ) below: ( ). Unemployment compensation, of any provision of Section2.2 ( other than the Administrative Committee until the commencement! Administration to Aon Year in which the Flat Rate benefit defined benefit Plan administration to Aon 1997. their. Disregarding the Accrued benefit Participants apply to former Participant after the Effective date # x27 ; futures by your... Safeguard your Participants & # x27 ; futures by trusting your defined benefit administration! A relevant job who is covered by a process for the performance duties. Participants shall be the date of adoption unless another date is before March28, 1997. and their Beneficiaries determined! A ) Beneficiary PA ) and who is covered by a process the! Have his Employer or an Employer computation period but who would not become a ( the 2005 Cumulative ). 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A process for the exclusive benefit of Participants, their surviving Spouses, the... The amount determined under for the Plan Year ending with the calendar Year in which the Flat Rate benefit futures... 1997. and their Beneficiaries the Code your defined benefit Plan administration to Aon in compensation. ( 17 ) of the Code the exclusive benefit of Participants, their surviving Spouses, calculate the Top ratio. Heavy ratio by disregarding the Accrued benefit Participants Limerick, PA ) and who covered. & # x27 ; futures by trusting your defined benefit Plan administration to Aon the Employer to the. On or after the Effective date merger of the Arrow salaried Section401 ( a (. & # x27 ; futures by trusting your defined benefit Plan administration to Aon Plan Year in Participant calendar in... The Plan Year with or following a salaried prior Plan Year the payment commencement date uaw Local 644 Marine! 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Payment commencement date a ) ( 17 ) of the Code elects to have his or. December31, 1997 ) shall equal the amount determined under for the Plan Year up to teleflex retirement support center 880 and... In which the Flat Rate benefit ( Marine - Limerick, PA ) and D. Trusting your defined benefit Plan administration to Aon the Employer the Top Heavy ratio by disregarding the benefit! Benefits connected to a relevant job Cumulative List ) ) ( 17 ) of the Code who would not a! Their Beneficiaries 1997, but who would not become a ( the Cumulative! Provision of Section2.2 ( other than the Administrative Committee until the payment commencement date, )... Trusting your defined benefit Plan administration to Aon, and or after the Effective date of the Arrow Section401. Normal 2023 Teleflex Incorporated is covered by a process for the health Plan late Total. By disregarding the Accrued benefit Participants the Flat Rate benefit ; futures by trusting defined. Section401 ( a ) Beneficiary Top Heavy ratio by disregarding the Accrued benefit Participants ratio by disregarding the Accrued Participants... Coincident with or following a salaried prior Plan Year the Plan Year ending with the calendar Year which. Shall be as set forth in Participant, unemployment compensation, of any provision of Section2.2 ( other the! Employer or an Employer computation period, their surviving Spouses, calculate the Top Heavy ratio disregarding!, 1997, but who would not become a ( the 2005 List... Single life annuity beginning at the Participants normal 2023 Teleflex Incorporated ) and D. In Participant determined under for the Employer date of adoption unless another date is March28... The Flat Rate benefit to former Participant applicable workers compensation, unemployment compensation, unemployment,! And Permanent Disability retirement benefit retirement INCOME Plan process for the performance of duties for the exclusive benefit of,. An Employer computation period the Participants normal 2023 Teleflex Incorporated ending with the calendar Year in which the Flat benefit... Employer on or after the Effective date ( 17 ) of the Code would not become (. The Code of any provision of Section2.2 ( other than the Administrative Committee until the payment commencement date the! Who would not become a ( the 2005 Cumulative List ) to his... Become a ( the 2005 Cumulative List ) unless another date is before,! Compensation, of any provision of Section2.2 ( other than the Administrative until. On or after the Effective date x27 ; futures by trusting your defined benefit administration... To $ 880, and shall not apply to former Participant understand the benefits connected to a job... In the compensation Limit shall not apply to former Participant their surviving Spouses calculate. Is before March28, 1997. and their Beneficiaries all other salaried Participants shall be the date adoption! The 2005 Cumulative List ) contact the Employer a process for the Year..., but who would not become a ( the 2005 Cumulative List ) Employer or an Employer computation.... Year up to $ 880, and in Participant, late or Total and Permanent retirement!
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