Page 19 - 2018 Sulzer (Pumps Union) New Hire Guide
P. 19
Sulzer
Retirement Security Contributions (RSC)
X Upon completion of 1 year of service, Sulzer will establish a RSC
account for each active employee with quarterly contributions based
on your age as follows
Y Under 35 = 3% of base regular earnings
Y 35–44 = 4% of base regular earnings
Y 45–54 = 5% of base regular earnings
Y 55 and over = 6% of base regular earnings
X Employees are not fully vested in the RSC contributions until they
have completed 5 years of employment
Participants attaining age 55 prior to termination of employment will be fully vested. Participants
who become disabled or die prior to termination of employment are also fully vested.
19
Retirement Security Contributions (RSC)
X Upon completion of 1 year of service, Sulzer will establish a RSC
account for each active employee with quarterly contributions based
on your age as follows
Y Under 35 = 3% of base regular earnings
Y 35–44 = 4% of base regular earnings
Y 45–54 = 5% of base regular earnings
Y 55 and over = 6% of base regular earnings
X Employees are not fully vested in the RSC contributions until they
have completed 5 years of employment
Participants attaining age 55 prior to termination of employment will be fully vested. Participants
who become disabled or die prior to termination of employment are also fully vested.
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