DETERMINATION OF FINAL COMPENSATION Sample Clauses

DETERMINATION OF FINAL COMPENSATION. Unit employees shall have their final compensation determined based on the average monthly compensation for the highest consecutive thirty-six (36) months.
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DETERMINATION OF FINAL COMPENSATION. For employees hired before May 8, 2011, County’s CalPERS miscellaneous contract provided employees with the “single highest year” retirement formula. The County amended its contract with CalPERS on May 8, 2011; final compensation for employees hired after that date are based upon the “average of the employee’s highest three years” of CalPERS enrollment.
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DETERMINATION OF FINAL COMPENSATION. A. Miscellaneous employees. Miscellaneous employees hired prior to May 8, 2011, shall have their final compensation for computing retirement determined based on the average monthly compensation for the highest single year (consecutive twelve months).
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DETERMINATION OF FINAL COMPENSATION. County amended its PERS miscellaneous contract to provide the members of this bargaining unit with the “single highest year” retirement formula. Effective as soon as the County can enter into a new contract with PERS, final compensation shall be based upon the “average of the employee’s highest three years” of PERS enrollment. This shall apply to employees hired after the PERS contract change.
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DETERMINATION OF FINAL COMPENSATION. A. County amended its PERS miscellaneous contract to provide the members of this bargaining unit with the Asingle highest year@ retirement formula.
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DETERMINATION OF FINAL COMPENSATION. Unless otherwise required by PERS eligible employees shall have their final compensation determined based on the average monthly compensation for the highest consecutive thirty-six (36) months.
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DETERMINATION OF FINAL COMPENSATION. Employees hired prior to May 8, 2011 shall have their final compensation for computing retirement determined based on the average monthly compensation for the highest single year (or consecutive twelve months). New hires after May 8, 2011 will be covered by the retirement formula being based upon the average of the highest three (3) years of service.
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DETERMINATION OF FINAL COMPENSATION 
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Related to DETERMINATION OF FINAL COMPENSATION

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • Determination of Service for Sick Leave with Pay Actual time worked and all leave with pay, except for educational leave, shall be included in determining the pro rata accrual of sick leave credits each month, provided that the employee works thirty-two (32) hours or more in that month.

  • Salary Determination 12.5.1 A unit member shall receive a salary not less than the minimum salary nor more than the maximum salary (Articles 12.3 and 12.4) for the rank to which appointed, except as provided in Articles 4.15, 5.6, 10.6.1 or Article 10.6.1.1. The effective dates for salaries shall be the appropriate dates specified in Article 12.2.2.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Overtime Eligibility and Compensation Employees are eligible for overtime compensation under the following circumstances:

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

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