Common use of Benefit Calculation Clause in Contracts

Benefit Calculation. For retirement system purposes the member’s retirement benefit is calculated on the date of retirement prior to participation in the DROP. The COLA component of the frozen benefit, calculated as of March 31, 2012, will accrue during participation in the DROP.

Benefit Calculation. For retirement system purposes the member’s retirement benefit is calculated on the date of retirement prior to participation in the DROP. The COLA component of the frozen benefit, calculated as of March May 31, 20122013, will accrue during participation in the DROP.

Benefit Calculation. For retirement system purposes the memberemployee’s retirement benefit is calculated on the date of retirement prior to participation in the DROP. The COLA component of the frozen benefit, calculated as of March May 31, 20122013, will accrue during participation in the DROP.