The Defined Benefit Pension Plan (Pension Plan) is a closed plan which is maintained for eligible employees who chose not to join the Defined Contribution Plan established for hourly employees on July 1, 1998. This plan covers a shrinking closed group of active employees; the rest are vested terminations and pensioners. The Defined Benefit Plan is a separate trust with assets that exceed the Pension Plan actuarial accrued liability.
University Of Maine System, "University of Maine System Defined Benefit Pension Fund Annual Report" (2008). General University of Maine Publications. 455.
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