EMPLOYEES HIRED AFTER RETIREMENT SYSTEM DIVIDED BUT BEFORE EXECUTION OF MODIFICATION Sample Clauses

EMPLOYEES HIRED AFTER RETIREMENT SYSTEM DIVIDED BUT BEFORE EXECUTION OF MODIFICATION. Employees who become members of the retirement system after the division date and before the execution of the modification which extends coverage to the deemed retirement system coverage group may be given a coverage choice at the discretion of the State. These persons are not mandatorily covered under Federal law, nor is it contrary to Federal law to allow these members a choice up to the date of execution of the modification, provided all employees similarly situated are given the same opportunity. 30001.335 Additional Opportunities for “No” Vote to Elect Coverage There are two ways members of a retirement system who voted “no” in a divided vote referendum can later obtain coverage.
Sample 1
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Related to EMPLOYEES HIRED AFTER RETIREMENT SYSTEM DIVIDED BUT BEFORE EXECUTION OF MODIFICATION

  • Re-employment After Retirement Employees who have reached retirement age as prescribed under the Pension (Municipal) Act and continue in the Employer's service, or are re-engaged within three (3) calendar months of retirement, shall continue at their former increment step in the pay rate structure of the classification in which they are employed, and the employee's previous anniversary date shall be maintained. All perquisites earned up to the date of retirement shall be continued or reinstated.

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