Classic CalPERS Members Sample Clauses

Classic CalPERS Members. Benefit Formula for employees hired on 8 or before October 3, 2011. The current established Employee 9 Contribution for this formula is 8%. Final compensation retirement 10 calculation shall be based upon the employee’s single highest year 11 of compensation earnable as provided under Section 20042 of the 12 California Government Code. 13 Tier B: 2% @ 55 Benefit Formula for employees hired on 14 or after October 4, 2011, and thereafter, who do not meet the 15 definition of a “new member” as determined by CalPERS. The current 16 established Employee Contribution for this formula is 7%. Final 17 compensation retirement calculation shall be based upon the 18 employee’s single highest year of compensation earnable as provided 19 under Section 20042 of the California Government Code.
Sample 1
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Classic CalPERS Members. 1.) Employees hired by the City who have been enrolled in CalPERS prior to January 1, 2013 are classified as “Classic Miscellaneous Members”. This classification is a CalPERS determination and shall be applied according to their definition.
Sample 1Sample 2
Classic CalPERS Members. Upon simultaneous retirement from the CITY and from the CalPERS Retirement system, a full-time “Classic” employee who has reached the age of fifty-five (55) shall continue to receive CITY paid health insurance based on the following terms of eligibility and level of City payment for the benefit: (a) All full-time Classic employees hired prior to March 15, 2000 shall be eligible for City paid health insurance for the employee and his/her spouse if they have at least thirteen (13) years of full-time City service. (b) For all full-time Classic employees hired between March 15, 2000 and December 31, 2008, with a minimum of thirteen (13) years of full-time City service the cost of the employee coverage shall be paid by the City with the cost of such insurance for spousal coverage paid by the employee at a rate of one-hundred seventy-five dollars ($175) per month. (c) For all full-time Classic employees hired on or after January 1, 2009, the cost of such insurance to the retired employee for spousal coverage shall be set at a base rate of two hundred and fifty dollars ($250) per month. (i) This rate shall be adjusted annually upwards or downwards at the beginning of each Health Plan Year by half of the percentage change in the City’s contribution to the Health Insurance Plan compared to the prior year with the first rate adjustment in February 2009. (ii) At no time should the retiree’s cost exceed 50% of the City’s actual cost.
Sample 1
Classic CalPERS Members a. In addition to PERS cost-sharing, employees also contribute approximately 9% of their salary, including holiday-in-lieu pay, 40- hour Administrative Assignment/Fire Staff Premium pay, arson pay, paramedic pay, EMS pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, 27-day assignment pay and uniform allowance, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. b. In addition to PERS cost-sharing, effective September 1, 2015, employees also contribute approximately 9% of their salary in addition to cost-sharing, including holiday-in-lieu pay, 40-hour Administrative Assignment/Fire Staff Premium pay, arson pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, 27-day assignment pay and uniform allowance, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. With the incorporation of Paramedic pay and EMS pay into base salary, said pays are no longer considered extra pays for unit employees. c. In addition to PERS cost-sharing, effective July 1, 2017, employees also contribute approximately 9% of their salary, including 40- hour Administrative Assignment/Fire Staff Premium pay, arson pay, Staff Assistant pay, Special Operations/Hazardous Materials Technician pay, Foreign Language/Sign Interpreter pay, Education/Career Development Incentive pay, and 27-day assignment pay, the totality of which is also known as “PERSable” salary, exclusive of overtime and reimbursement compensation. The contribution rate for the employee is governed by State legislation. With the incorporation of Holiday-in-Lieu pay and Uniform Allowance into base salary, said pays are no longer considered extra pays for unit employees. d. Effective November 16, 1991, the Employees' PERS contribution previously paid by the employer shall be converted to base salary as set forth in this Article. The City shall "pick-up" 9% (9/9 of the 9%) of the required PERS contribution for unit employees. It is understood that this total 9% added to salaries by the City shall be included in all salary and compensation comparisons....
Sample 1
Classic CalPERS Members. 1) This classification is a CalPERS determination and shall be applied according to their definition. 2) “Classic” Miscellaneous Membership benefits per the CITY’s contract with CalPERS shall be as follows as applicable by law: a) Miscellaneous Member “2.0 at 55” formula (§21354 G.C.). b) 1959 Survivor Benefit Level 3 (§21570 et seq. G.C.). c) One Year Final Compensation (§20042 G.C.). d) Unused Sick Leave Conversion (§20965 G.C.). e) Member (Employee) Contribution Rate as set by CalPERS (§7522.30 G.C.).
Sample 1

Related to Classic CalPERS Members

  • Managing Member Unless otherwise expressly provided in this Agreement, the Managing Member or any of its Affiliates who hold any Interests shall not be entitled to vote in its capacity as holder of such Interests on matters submitted to the Members for approval, and no such Interests shall be deemed Outstanding for purposes of any such vote.

  • Committee Members See Section 3.5(a). -----------------

  • Partnership Representative The Members shall take all reasonable actions to avoid the application to the Company of the centralized partnership audit provisions of sections 6221 through 6241 of the Code, as amended by the Bipartisan Budget Act of 2015. If, however, such provisions are found to apply to the Company, a member of the Manager or another appointed individual shall act as the Partnership Representative for the purposes of IRS Code section 6221 through 6241. In the event the member of the Manager is no longer a Member in the Company, and no other individual has been appointed as the Partnership Representative, the Partnership Representative shall be the Majority Interest owner from amongst the Members. If the Majority Member is unable or unwilling to serve, the Partnership Representative shall be appointed from amongst the remaining Members by a Majority of Interests of the Members. The Partnership Representative shall be authorized and required to represent the Company with all examinations of the Company’s affairs by tax authorities, including resulting administrative and judicial proceedings. The Partnership Representative shall have the sole authority to (1) sign consents, enter into settlement and other agreements with such authorities with respect to any such examinations or proceedings and (ii) to expend the Company’s funds for professional services incurred in connection therewith. In the event of an adjustment resulting in an underpayment of tax, the Partnership Representative shall duly and timely elect under section 6226 of the IRS Code that each Person who was a Member during the taxable year that was audited personally bear any tax, interest, addition to tax, and penalty resulting from such adjustments and, if for any reason, the Company is liable for a tax, interest, addition to tax, or penalty as a result of such an audit, each Person who was a member during the taxable year that was audited shall pay to the Company an amount equal to such Person’s proportionate share of such liability, as determined by the Manager, based on the amount each such Person should have borne (computed at the rate used to compute the Company’s liability) had the Company’s tax return for such taxable year reflected the audit adjustment. The expenses for the Company’s payment of such tax, interest, addition to tax, or penalty shall be specially allocated to such Persons in such proportions. The Partnership Representative shall have the final decision-making authority with respect to all federal income tax matters involving the Company. The Members agree to cooperate with the Partnership Representative and to do or refrain from doing any or all things reasonably required by the Partnership Representative to conduct such proceedings. Any reasonable direct out-of-pocket expense incurred by the Partnership Representative in carrying out its obligations hereunder shall be allocated to and charged to the Company as an expense of the Company for which the Partnership Representative shall be reimbursed.

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Joint Union/Management Committee It shall be appropriate for either the Union or the University to request that a Joint Union/Management committee be convened, with Environmental Health and Safety as a participating member, to discuss health and safety concerns and to explore options for addressing those concerns through appropriate training or other approaches.

  • Initial Members The initial members of the LLC, their initial capital contributions, and their percentage interest in the LLC are: Initial Percentage Interest Capital Members in LLC Contribution

  • Members (a) A Person shall be admitted as a Member and shall become bound by, and shall be deemed to have agreed to be bound by, the terms of this Agreement if such Person purchases or otherwise lawfully acquires any Share, and such Person shall become the Record Holder of such Share, in accordance with the provisions of this Agreement. A Member may be a Class A Member and or a Class B Member, and, in such case, shall have the rights and obligation accorded to the Class A Ordinary Shares with respect to such Class A Ordinary Shares and the rights and obligations accorded to the Class B Ordinary Shares with respect to such Class B Ordinary Shares. A Person may become a Record Holder without the consent or approval of any of the Members and without physical execution of this Agreement. A Person may not become a Member without acquiring a Share. (b) The name and mailing address of each Member or such Member’s representative shall be listed on the books and records of the Company maintained for such purpose by the Company or the Transfer Agent. (c) Except as otherwise provided in the Delaware Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company. (d) Except to the extent expressly provided in this Agreement: (i) no Member shall be entitled to the withdrawal or return of any Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon dissolution of the Company may be considered as such by law and then only to the extent provided for in this Agreement; (ii) no Member shall have priority over any other Member either as to the return of Capital Contributions or as to profits, losses or distributions; (iii) no interest shall be paid by the Company on Capital Contributions; and (iv) no Member, in its capacity as such, shall participate in the operation or management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company by reason of being a Member. (e) Any Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company. Neither the Company nor any of the other Members shall have any rights by virtue of this Agreement in any such business interests or activities of any Member.

  • JOINT LABOUR MANAGEMENT COMMITTEE A Joint Labour Management Committee shall be established to attend to those matters which are of mutual interest. To ensure its effectiveness the Committee shall be separate and apart from the grievance procedure.

  • Labour Management Committee (a) Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour Management Committee Meeting during the term of this Agreement, the following shall apply. (b) An equal number of representatives of each party as mutually agreed shall meet at a time and place mutually satisfactory. A request for a meeting hereunder will be made in writing prior to the date proposed and accompanied by an agenda of matters proposed to be discussed, which shall not include matters that are properly the subject of grievance or negotiations for the amendment or renewal of this agreement. Any representative(s) attending such meetings during their regularly scheduled hours of work shall not lose regular earnings as a result of such attendance. (c) It is agreed that the topic of a rehabilitation program for drug and alcohol abuse is an appropriate topic for the Labour-Management Committee. It is also agreed that the topic of the utilization of full-time and part-time staff is an appropriate topic for the Labour-Management Committee. The committee shall have access to work schedules and job postings upon request. (d) It is understood that joint meetings with other Labour-Management Committees in the Hospital may be scheduled concerning issues of mutual interest if satisfactory to all concerned. (e) Where two or more agreements exist between a Hospital and CUPE the Committee may be a joint one representing employees under both agreements, unless otherwise agreed.

  • General Partner The name and address of the general partner of the Partnership is Outback Steakhouse of Florida, Inc., 0000 X. Xxxx Xxxxx Xxxxxxxxx, 0xx Xxxxx, Xxxxx, Xxxxxxx 00000.

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