Consecutive Years of Service. Hours Earned Each Fully With the County Compensated Payroll Period and Prorata Increments Thereof During First Year 3.076 hours (80) During Second Year 3.384 hours (88) During Third Year 3.693 hours (96) During Four through Eight Years 4.615 hours (120) During Ninth Year 4.923 hours (128) During Ten through Fourteen Years 5.538 hours (144) During Fifteen through Nineteen Years 6.153 hours (160) Following Twenty Years and Over of Uninterrupted Employment 6.769 hours (176)
Consecutive Years of Service. To determine the denominator of this fraction, the Advisory committee will make any adjustment required under Code ss.415(b) and will determine a Year of Service, unless otherwise provided in an addendum to Adoption Agreement Section 3.18, as a Plan Year in which the Employee completed at least 1,000 Hours of Service. The "projected annual benefit" is the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if the plan expresses such benefit in a form other than a straight life annuity or qualified joint and survivor annuity) of the Participant under the terms of the defined benefit plan on the assumptions he continues employment until his normal retirement age (or current age, if later) as stated in the defined benefit plan, his compensation continues at the same rate as in effect in the Limitation Year under consideration until the date of his normal retirement age and all other relevant factors used to determine benefits under the defined benefit plan remain constant as of the current Limitation Year for all future Limitation Years.
