Amendment No. 9 to URS Federal Technical Services, Inc. Employees Retirement Plan (2007 Restatement)

Summary

This amendment updates the URS Federal Technical Services, Inc. Employees Retirement Plan, effective January 1, 2013. It changes how medical benefits are calculated for retirees, specifying different benefit amounts for those who retire before or after January 1, 2013, and further adjusts the benefit for retirees once they reach age 65. The amendment ensures that the benefit does not exceed 100% of the per capita retiree health cost.

EX-10.22 3 ex10-22.htm EXHIBIT 10.22 ex10-22.htm

EXHIBIT 10.22

AMENDMENT NUMBER 9

TO THE

URS FEDERAL TECHNICAL SERVICES, INC.

EMPLOYEES RETIREMENT PLAN

(2007 Restatement)

The URS Federal Technical Services, Inc. Employees Retirement Plan, as restated effective January 1, 2007, is hereby amended, effective January 1, 2013, as follows:

·	Section 12.2(c) of the Plan is amended to read:

(c)

“Medical Benefits” shall mean,

(i)

with respect to a Covered Retiree who became a Covered Retiree prior to January 1, 2013, a percentage of the Per Capita Retiree Health Cost, such percentage being equal to $3,400 (as indexed from time to time) divided by the Per Capita Retiree Health Cost, but in no event in excess of 100% of such cost.

(ii)

with respect to a Covered Retiree who becomes a Covered Retiree on or after January 1, 2013, a percentage of the Per Capita Retiree Health Cost, such percentage being equal to:

(A)

$3,400 (as indexed from time to time) divided by the Per Capita Retiree Health Cost, but in no event in excess of 100% of such cost, through the date immediately preceding the date the Covered Retiree attains age 65; and

(B)

$1,100 (as indexed from time to time) divided by the Per Capita Retiree Health Cost, but in no event in excess of 100% of such cost, on and after the date the Covered Retiree attains age 65.

	URS Federal Technical Services, Inc.

Dated: ____________________, 2012	By:
	Title: