Common use of Benefit Formula Clause in Contracts

Benefit Formula. Effective August 1, 2005, the basic pension formula for pharmacist will be increased to seventy-eight dollars ($78.50) for the first (1st) ten (10) years, and one hundred and four dollars and sixty cents ($104.60) for each year thereafter. Effective August 1, 2002, the basic pension formula for pharmacists shall be seventy four dollars and ninety cents ($74.90) per month per year of service for each of the first ten (10) years of service and ninety-nine dollars and eighty-five cents ($99.85) per month for years of service thereafter.

Benefit Formula. Effective August 1, 2005, the basic pension formula for pharmacist will be increased to seventy-eight dollars ($78.50) for the first (1st) ten (10) years, and one hundred and four dollars and sixty cents ($104.60) for each year thereafter. Effective August 1, 2002, the basic pension formula for pharmacists shall be seventy seventy-four dollars and ninety cents ($74.90) per month per year of service for each of the first ten (10) years of service and ninety-nine dollars and eighty-five cents ($99.85) per month for years of service thereafter.

Benefit Formula. Effective August 1, 2005, the basic pension formula for pharmacist pharmacists will be increased to seventy-eight dollars ($78.50) for the first (1st) ten (10) years, and one hundred and four dollars and sixty cents ($104.60) for each year thereafter. Effective August 1, 2002, the basic pension formula for pharmacists shall be seventy four dollars and ninety cents ($74.90) per month per year of service for each of the first ten (10) years of service and ninety-nine dollars and eighty-five cents ($99.85) per month for years of service thereafter.