– Employees Hired July 31, 2011 and Earlier Sample Clauses

– Employees Hired July 31, 2011 and Earlier. Employees whose hire date as a full-time employee is effective July 31, 2011 and earlier will be covered under the 3% at 50 formula with the benefits specified below. Provision Government Code Section 3% at 50 21362.2 Single Highest Year 20042 Service Credit for Unused Sick Leave 20965 2% Cost-of-Living 21329 Prior Service Credit 20055 Post-Retirement Survivor Allowance 21624, 21626, and 21635 Retired Death Benefits 21620 Pre-Retirement Option 2W Death Benefits 21548 Military Service 20996 Military Service Credit 21024 Military Service Credit for Retirees 21027 Peace Corps Service Credit 21023.5 Public Service Layoff Service Credit 21022 Member Cost Sharing (This provision was eliminated and deleted from the 20516 CalPERS contract effective March 31, 2012) Public Service Credit for Service Rendered to a Nonprofit Corporation 21026 Local System Service Credit Included in Basic Death Benefit 21536 Cancellation of Payments for Service Credit Purchase Upon Industrial Disability Retirement 21037 9% Employee Contribution. Employees agree to share the cost of retirement contribution on a pre-tax basis by paying the full 9% employee contribution. The employee’s CalPERS account shall be credited with the total 9% employee contribution which shall be the maximum employee contribution. It is the intent of the parties to accommodate employees’ desire that said sums may be deducted on a pre-tax basis as deferred income for federal and state tax purposes. The parties believe the contribution is pre-tax because the City has filed the CalPERS IRS Code section 414(h)(2) resolution. However, any income tax obligations or penalties arising from such tax treatment shall be the exclusive responsibility of the employee. In the event of any adverse tax treatment for the employees, the City shall not be responsible therefore and the City has made no representation regarding such tax treatment and employees shall seek such advice from their personal tax advisors regarding such matters.
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Related to – Employees Hired July 31, 2011 and Earlier

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who:

  • Form B - Contractor’s Annual Employment Report Throughout the term of the Contract by May 15th of each year the Contractor agrees to report the following information to the State Agency awarding the Contract, or if the Contractor has provided Contract Employees pursuant to an OGS centralized Contract, such report must be made to the State Agency purchasing from such Contract. For each covered consultant Contract in effect at any time between the preceding April 1st through March 31st fiscal year or for the period of time such Contract was in effect during such prior State fiscal year Contractor reports the:

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Non-Vested Retirement Gratuity for Teachers 1. The minimum years of service for retirement gratuity shall be defined as the lesser of the contractual minimal service requirement in the 2008-2012 collective agreement, or ten (10) years.

  • State Employee Group Insurance Program (SEGIP) During the life of this Agreement, the Employer agrees to offer a Group Insurance Program that includes health, dental, life, and disability coverages equivalent to existing coverages, subject to the provisions of this Article. All insurance eligible employees will be provided with a Summary Plan Description (SPD) called “Your Employee Benefits”. Such SPD shall be provided no less than biennially and prior to the beginning of the insurance year. New insurance eligible employees shall receive a SPD within thirty (30) days of their date of eligibility.

  • VESTED RETIREMENT GRATUITY VOLUNTARY EARLY PAYOUT a) An Employee eligible for a Sick Leave Credit retirement gratuity as per Appendix A shall have the option of receiving a payout of his/her gratuity on August 31, 2016, or on the employee’s normal retirement date.

  • TEACHER TEACHING ON CALL PAY AND BENEFITS 1. The employer will ensure compliance with vacation provisions under the Employment Standards Act in respect of the payment of vacation pay.

  • Waiting Period and Benefits (A) Employees Disabled Prior to April 1, 1998 * (* See Explanatory Note in Preamble to this Addendum.) In the event an employee, while enrolled in this Plan, becomes totally disabled prior to April 1, 1998 as a result of an accident or a sickness, then, after the employee has been totally disabled for six (6) months the employee shall receive a benefit equal to two-thirds (2/3) of monthly earnings.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

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