EMPLOYEE RETIREMENT PLAN. Section 1. Employees may be able to participate in the Employer’s 401k Retirement Plan (“Plan”) subject to the terms of the Plan. Employees must refer to the Plan documents for information regarding eligibility.
EMPLOYEE RETIREMENT PLAN. The employer shall provide a plan for all retired employees who have been employees as of September 1, 1981, to participate in insurance programs named in this Agreement at their own expense until the age of 65. Employees entitled to Article VII, Section 7.02, Early Retirement Insurance Incentive, will be exempt from payment.
EMPLOYEE RETIREMENT PLAN. Section 7.1 Xxxxxxx Electronics SERP.
EMPLOYEE RETIREMENT PLAN. Unit Members who become members of the Water and Power Employees’ Retirement, Disability, and Death Benefit Insurance Plan (Retirement Plan) on or before December 31, 2013, shall be entitled to the benefits and conditions of entitlement as a Tier 1 member of the Retirement Plan. Unit Members who become members of the Retirement Plan on or after January 1, 2014, shall be entitled to the benefits and conditions of entitlement as a Tier 2 member of the Retirement Plan. All members may view the provisions of the Retirement Plan at xxxx://xxxxxxxxxx.xxxxx.xxx or view the Tier 1 and Tier 2 benefits at xxxx://xxxxxxxxxx.xxxxx.xxx/membership.html. If there are any questions, members may contact the Retirement Office at 000-000-0000.
EMPLOYEE RETIREMENT PLAN. A. For Classic employee (i.e. NOT “new employees” as defined by XxxXXXX), City agrees to enroll and maintain enrollment of employees in the PERS 2% @ 55 Classic 1084 Miscellaneous retirement plan for miscellaneous members. Classic Employees shall pay the employee contribution for their retirement plan which is 7% for PERS 2% at 55 (Classic 1084 Miscellaneous).
B. For new CalPERS employees hired on or after January 1, 2013, the City will enroll employees in the PERS 2% @ 62 PEPRA 26550 Miscellaneous retirement plan. Employees shall pay their share of contributions in accordance with State Law, CalPERS rules and regulations.
EMPLOYEE RETIREMENT PLAN. Employer Stock Fund Rules and Regulations
EMPLOYEE RETIREMENT PLAN. For Classic Employees (i.e. NOT “new employees” as defined by XxxXXXX), the City will enroll and maintain enrollment of employees in the PERS 2% @ 50 Classic 1085 Safety retirement plan and the 2% @ 55 Classic 1084 retirement plan for miscellaneous members. Classic Employees shall pay the employee contribution for their respective retirement plans which are 9% for PERS 2% at 50 (Classic 1085 Safety) and 7% for PERS 2% at 55 (Classic 1084 Miscellaneous).
EMPLOYEE RETIREMENT PLAN. Carry over eligible PTI service into SW Retirement Plan for vesting purposes only.
EMPLOYEE RETIREMENT PLAN. No provision of this Article shall become binding in whole or in part, unless and until finally adopted by the Retirement Plan's Board of Administration.
EMPLOYEE RETIREMENT PLAN. A. For Classic Employees, (i.e. NOT “new employees” as defined by CalPERS), the City will enroll and maintain enrollment of employees in the PERS 2% @ 50 Classic 1085 Safety retirement plan. Classic Employees shall pay the employee contribution for their respective retirement plans which are 9% for PERS 2% at 50 (Classic 1085 Safety). This contribution level shall commence on January 1, 2014.
B. For new CalPERS employees hired on or after January 1, 2013, the City will enroll employees in the PEPRA 25443 (2.7% at 57) Safety retirement plan. Employees shall pay their share of contributions in accordance with State law, CalPERS rules and regulations.
