CONTRIBUTION TO RETIREMENT SYSTEM Sample Clauses

CONTRIBUTION TO RETIREMENT SYSTEM. For all employees who are members of the Employees’ Retirement System 31 as of January 1, 1971, the County shall contribute a sum equal to eight 1 percent (8%) of each employee’s earnings computed for pension purposes 2 into such account on behalf of each such employee. All such sums 3 contributed, in addition to the contributions previously made by the 4 employee, shall be credited to the employee’s individual account and be 5 subject to the provisions of the pension system as it relates to the payment 6 of such sums to such employees upon separation from service. The 7 provisions of this paragraph shall not apply to employees in the bargaining 8 unit in the following classes who were not members of the Employees’
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CONTRIBUTION TO RETIREMENT SYSTEM. 14 (1) For all employees who are members of the Employees’ Retirement System as of 15 January 1, 1971, the County shall contribute a sum equal to eight percent (8%) of 16 each employee’s earnings computed for pension purposes into such account on 17 behalf of each such employee. All such sums contributed, in addition to the 18 contributions previously made by the employee, shall be credited to the 19 employee’s individual account and be subject to the provisions of the pension 20 system as it relates to the payment of such sums to such employees upon 21 separation from service. The provisions of this paragraph shall not apply to 23 of the Employees’ Retirement System on or before December 12, 1967, or whose 24 date of hire is later than December 23, 1967: (a) Emergency appointment, full time (b) Emergency appointment, part time 27 (c) Regular appointment, seasonal
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CONTRIBUTION TO RETIREMENT SYSTEM. 25 For all employees who are members of the Employees' Retirement System as of 26 January 1, 1971, the County shall contribute a sum equal to 6% of such employee's earnings 27 computed for pension purposes into such account on behalf of each such employee. All such 28 sums contributed, in addition to the contributions previously made by the employee, shall be 29 credited to the employee's individual account and be subject to the provisions of the pension 30 system as it relates to the payment of such sums to such employees upon separation from
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CONTRIBUTION TO RETIREMENT SYSTEM. 21 Effective January 1, 2024, the County and the MDSA agree to follow all state laws regarding the pension 22 And retirements system, which include but are not limited to, Chapter 111.70, Wis. Stat. § 111.70(4)(mc), 23 Chapter 59, and Wis. Stat.§ 59.875. 24‌ 25 The County and the MDSA agree that employees’ pension and retirement system rights and benefits 26 shall not be negatively or adversely affected in any manner. 27‌
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Related to CONTRIBUTION TO RETIREMENT SYSTEM

  • Transition to Retirement 24.1 An Employee may advise their Employer in writing of their intention to retire within the next five years and participate in a retirement transition arrangement. 24.2 Transition to retirement arrangements may be proposed and, where agreed, implemented as: (a) a flexible working arrangement (see clause 16 (Flexible Working Arrangements)); (b) in writing between the parties; or (c) any combination of the above. 24.3 A transition to retirement arrangement may include but is not limited to: (a) a reduction in their EFT; (b) a job share arrangement; or (c) working in a position at a lower classification or rate of pay. 24.4 The Employer will consider, and not unreasonably refuse, a request by an Employee who wishes to transition to retirement: (a) to use accrued Long Service Leave (LSL) or Annual Leave for the purpose of reducing the number of days worked per week while retaining their previous employment status; or (b) to be appointed to a role which that has a lower hourly rate of pay or hours (post transition role), in which case: (i) the Employer will preserve the accrual of LSL at the time of reduction in salary or hours; and (ii) where LSL is taken or paid out in lieu on termination, the Employee will be paid LSL hours at the applicable classification and grade, and at the preserved hours, prior to the post transition role until the preserved LSL hours are exhausted.

  • Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.

  • Public Employees Retirement System “PERS”) Members.

  • Distribution of Benefits Members of this unit with at least one year of the service to the District may apply for a number of days consistent with a one-for-one match of their individual sick leave accumulation as of the end of the previous contract year brought forward to the year of the onset of disability. The combined benefit of accumulated personal sick leave and disability bank leave may not exceed one hundred-eighty days and may carry over from one contract year to another. Employees with less than one full year of service in the District will not be require to contribute one of their individual accumulated sick leave days to the disability bank. The Board reviews the right to request re-application and documentation from anyone requesting more than forty (40) days from the pool. Any benefits will be minus other insurance coverage (i.e. worker’s compensation, social security, etc.).

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Distribution of Benefit The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Separation from Service. The annual benefit shall be distributed to the Executive for fifteen (15) years.

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