Classic CalPERS Members Sample Clauses

Classic CalPERS Members. 5 Tier A: 2.7% @ 55 Benefit Formula for employees hired on 6 or before October 3, 2011. The current established Employee 7 Contribution for this formula is 8%. Final compensation retirement 8 calculation shall be based upon the employee’s single highest year 9 of compensation earnable as provided under Section 20042 of the 10 California Government Code. 11 Tier B: 2% @ 55 Benefit Formula for employees hired on 12 October 4, 2011, and thereafter who do not meet the definition of a 13 “new member” as determined by CalPERS. The current established 14 Employee Contribution for this formula is 7%. Final compensation 15 retirement calculation shall be based upon the employee’s single 16 highest year of compensation earnable as provided under Section 17 20042 of the California Government Code.
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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.
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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:
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Classic CalPERS Members. 1) This classification is a CalPERS determination and shall be applied according to their definition.
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.
Sample 1

Related to Classic CalPERS Members

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

  • 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 as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • 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, a Class B Member and or Class C 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 or the rights and obligation accorded to the Class A Preferred Shares with respect to such Class A Preferred Shares, as applicable, the rights and obligations accorded to the Class B Ordinary Shares with respect to such Class B Ordinary Shares and the rights and obligations accorded to the Class C Ordinary Share with respect to such Class C Ordinary Share. 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.

  • JOINT LABOUR MANAGEMENT COMMITTEE 18.01 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.

  • General Partner (a) The business, property and affairs of the Partnership shall be managed under the sole, absolute and exclusive direction of the General Partner, which may from time to time delegate authority to officers or to others to act on behalf of the Partnership.

  • COMMITTEE MEMBERSHIP 1. Local representatives on committees specifically established by this Collective Agreement shall be appointed by the local.

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