Retirement Date (or immediately, if the Participant has passed his
owns (or is considered as owning within the meaning of
designate a Beneficiary and a Beneficiary has in fact been
interest on 30-year Treasury securities as specified by the
(B)
October1, 2007), and to close participation to newly hired
concerning the Plan does not arise until the Beneficiary first
Compensation means payments that would have been included in
The Accrued Benefit for each year of participation after
Teleflex 3015 Carrington Mill Boulevard Morrisville, NC 27560 Tel: 919-544-8000 Customer Service US Customers: Visit myTeleflex.com for on-demand access to order details, shipment tracking, packing lists, return goods authorizations (RGAs), and more. 3.1.1.2
Date; Reemployed Participants, 6.9 Required Distributions Code
was formerly a Key Employee. Code Section416 and the Treasury Regulations
(or such other period as extended by subsequent Treasury
covered by a collective bargaining agreement between the Employer
an Accrued Benefit equal to 1.8333% of such Salaried
The
the Plan as in effect on January1, 1998, shall become a
Participant in a Plan Year for services rendered to a Participating
interest rate assumption used for adjusting distribution
the Required Aggregation Group, and the Top Heavy ratio for both
pays an Employee, or for which the Employee is entitled to payment
Safeguard your participants' futures by trusting your defined benefit plan administration to Aon. Accrued Benefit of a current Employee shall be determined as if he
3.1.1.2 below: 3.1.1.1
the contributions made by the Salaried Participant for each such
but who had not reached his Annuity Starting Date, the first day of
under the Plan. In the case of a Salaried Participant whose Credited Service at the
insurance company qualified to perform investment management
Early Retirement Date, if applicable, for an Hourly Participant,
The
any such plan terminated within the five-year period ending on the
1.60
Employment or cessation of active participation and, if benefit
1.18
Notice 2005-101 (the 2005 Cumulative List). event be the Actuarial Equivalent of the Participants
Employee with respect to the Plan for the Plan Year. The determination of who is Highly Compensated shall be made in
Effective January1, 2004, an individual who has been
permanent layoff, and within 12months thereafter returns to
The Arrow Hourly Plan was
permanently and totally disabled means that the
Except as to an Employee at a location listed in AppendixA
a designated Spouse, the amount of the survivor annuity payable
prior to January1, 2009, the Hourly Participants
Our team serves as an extension of your staff. Employers for purposes of crediting Hours of Service, applying the
Participants regular working hours, Compensation for
Teleflex Pension Plan 19 employees reported this benefit 3.3 3 Ratings Available to EI-based employees Change location Employee Comments Showing 1-3 of 3 Apr 16, 2021 4.0 Current Employee Good Pension through reputable insurer Helpful Report Jan 19, 2021 5.0 Former Customer Service Representative in Athlone, Westmeath 2
Accrued Benefit, the Actuarial Equivalent of such
for the exclusive benefit of Participants, their surviving Spouses,
Any
valuation that year, except as Code Section416 and the
without reduction, or beginning as of an A. RealDealDocs has categorized these documents and made them searchable using the same proprietary RealPractice technology that is deployed at some of the largest law firms in the country, so you have the best tools anywhere to leverage this work product. Please call 800-724-7526, Monday through Friday 8 a.m. to 10 p.m. day of the Plan Year or such other time as the Secretary of the
Arrow Berks Participant means a Participant,
rights of the subsequent Spouse. including any part of any Accrued Benefit distributed by reason of
January1, 1998, a Salaried Participants monthly rate
A good company to work for with solid benefits (health care, 401k) and okay work culture.-view all. unfunded deferred compensation plan, but only if the payment would
January1, 1998, the Teleflex Incorporated Retirement Income
Administrative Committee shall consider an Employee on maternity or
Code, the term Employee shall not include those
determining a Salaried Participants Covered Compensation for
each other plan of the Employer if the group of plans consisting of
in the Pension Funding Equity Act of 2004, and to revise the
The
date of hire is on or after January1, 2004 but prior to
due from the Employer. Defined Benefit Plan means any employee
had a Severance from Employment on the Determination Date. an Employees Continuous Service measured from the date he
of 2001 (EGTRRA), the requirements reflected in IRS
effect on December31, 1997, but who would not become a
United States and Canada Toll Free: 866-246-6990 (8am-7pm EST / Mon-Fri) Email: cs@teleflex.com 1989. designation of a Beneficiary shall be revocable at the election of
Continuous Service means, with respect to
any Participant who is permanently and totally disabled for a fixed
formula applicable on or after July1, 1994 with respect to
An Employee who is a non-resident alien and who has no income from
AppendixG hereto. shall be the greater of (i)the sum of the Salaried
Berks Participant is set forth in AppendixE, F, G, or H
Plan. For Plan Years beginning on or after
calendar year. Subject to
restates in its entirety the Teleflex Incorporated Retirement
adopted the Retirement Plan for Hourly-Rated Employees of the North
1.33
At the Salaried Participants option such retirement benefit
Equivalent: 1.3.1.1
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 . Employment with the Employer; or (ii)the end of the Plan Year
adjustment in effect for a calendar year applies to annual
Teleflex Incorporated | Global Knowledge Network Log In Forgot your password? individual is unable to engage in any substantial gainful activity
pursuant to a qualified domestic relations order, the actual Spouse
for each Participant and for benefits based solely on the amount
after October1, 2007, may become an Arrow Salaried
his date of death; provided that a former Spouse shall be treated
effective December31, 2008. Code. ET. who is eligible to participate in the Plan pursuant to
Retirement plan. compensation within the meaning of Section415(c)(3) of the
month in which the Salaried Participant reaches age 60. The Plan benefit to which an Arrow Berks Participant is
The global major manufacturers of Thrombectomy Devices include Boston Scientific, Medtronic, Teleflex, Penumbra, The Spectranetics, AngioDynamics, Terumo, Johnson and Johnson and Stryker. Plan has been amended from time to time and was most recently
July1, 1979, and, (i)
TRIP Plan means the plan formerly known as
The accrued
the Employer: 1.32.1
Employees Severance from Employment and the payments are:
between the Employer and any other person or entity; (ii)such
1.3.1.5
Level for a Salaried Participant who is a Pre-1998 Employee shall
commenced. to participate in the Plan, and whether or not benefits under the
service and is credited with an Hour of Service, his Continuous
reemployed by a Participating Employer as an eligible Employee
hereof; 1.3.1.2
For a Participant with compensation for a plan year prior to
that includes the date of the Employees Severance from
in AppendixF, attached hereto and made a part
five Plan Years ending on the Determination Date; and. An Employee of an Employer who does not work at the locations
1.13
that was merged into the Plan effective January1,
group of Related Employers of which the Employer is a member. 3.1.6.3
. Treasury Regulations and other guidance of general applicability
determined under Section3.1.4.1 or the amount determined
the Teleflex Incorporated Retirement Income Plan,
deceased Beneficiary shall not share in any death benefit and those
for the performance of duties for the Employer. married, as direct or contingent beneficiary in a manner prescribed
Section5.1 of AppendixG. 1.1.5
member of UAW Local 644 (Marine Limerick, PA) and who is
for periods beginning on or after July1, 1982, the period of
2.2
INTEGRATION LEVEL FOR PARTICIPANTS OTHER THAN PRE-1998. forth in AppendixE, F, G, or H, as applicable. Compensation for any period, not exceeding 12months, over
Year within which an individual is not credited with more than 500
Employees Severance from Employment and the payments are:
the rules of paragraphs (b)and (c)of Department of
reference to the Determination Dates that fall within the same
administer the Plan. An Individual who has been classified by an Employer as an
Date) under the terms of the Plan or the TRIP Plan as in
of December31, 2008 and/or who is eligible to participate in
accrue benefits under the Plan. be treated as a Leased Employee (as defined in Section2.2.5);
for each such Plan Year that is in excess of $550, if
Participant is entitled to and receiving disability benefits under
effect under Section1274 of the Code for January of the
Company described in AppendixG hereto is on or after
Notwithstanding any provision of the Plan to the contrary, the
Salaried Plan) prior to the merger of the Arrow Salaried
Table., 1.3.2.1
Salaried Participants: 1.19.1
December31, 2008. shall not include periods of Continuous Service credited under
paid; 1.32.2
benefit equally, or, if different, in the proportions designated by
Participating Company described in AppendixF hereto is on or
of such Participant shall not be treated as the Spouse of such
The Plan benefit to which an Arrow Salaried
circumstances as the Secretary of the Treasury may prescribe by
Arrow
Notwithstanding any other provision of the
credited with more than 500 Hours of Service; and. 3.1.2
adopting the Plan after the Effective Date, the Effective Date
Defined Contribution Plans included in such Aggregation Group;
the amount of annual Benefit earned to such date, payable as a