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Aurora Colorado online Form 5304-SIMPLE: What You Should Know

Savings Plan by any individual who: a. Is employed primarily within (a) the City of Aurora or (b) the county or the county/municipal limits of the city of Aurora, its public school system or its municipal employees; · has been employed on a full-time or part-time basis for at least five (5) years, has been a member of the City's employee Retirement Plan for at least five (5) of the nine (9) months prior to application, and has been actively employed for at least six (6) months immediately prior to filing.  Is a partner in a partnership organized under The Securities Exchange Act of 1934, or an individual who has been duly admitted as a partner by a foreign  company or association exempt from registration under the Securities Exchange Act of 1934. 2. Employee Eligibility Requirements. All the Company's employees are eligible to participate in one (1) or more SIMPLE IRAs pursuant to this Plan, as provided in paragraph 5, Section 1 of the Document. (The Employment Eligibility Requirements may be found at) 3. Company Eligibility Requirements (a) The Company shall not: (i) employ less than four (4) employees at any time; (ii) permit its workforce to increase substantially during the three (3) year period prior to the date of filing the Application; (iii) permit the number of employees in any single department to decrease after the date of filing the Application; or (iv) provide employees with a reduced benefit package after the date of filing the Application. (b) The City shall not: (1) change the composition of the City's workforce during the three (3) year period prior to the date of filing the Application; (2) require the composition of the City's workforce to change after the date of filing the Application; (3) provide less employee benefits to any employee than the benefits the employee received prior to the date of filing the Application; (4) provide fewer benefits to any employee than the benefits that the eligible employee received prior to the date of filing the Application; and (5) provide benefits to any employee that are at least equal to the minimum annual benefit provided to all City employees by the City.

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