Common use of Final Compensation Based On Three Year Average Clause in Contracts

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 6 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

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Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 6 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 5 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.227.2, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2section 11.5, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 3 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.217.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 thirty six (36) consecutive months of service.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2section 26.1, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.242.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service. 42.3.2 2% @ 62 Pension Formula‌ As required by Government Code Section 7522.20, the 2.0% at 62 pension formula shall be available to employees covered by this Section 42.3 who are contributing members of the SCERA.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2section 26.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.226.1, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.218.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

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Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.211.5, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 thirty-six (36) consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.227.2, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.217.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.226.3, final compensation shall mean the highest average annual pensionable compensation earned during 36 consecutive months of service.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 consecutive months of service. As required by Government Code Section 7522.04(g), bargaining unit members covered by this Section 36.5 shall pay, through payroll deductions, fifty percent (50%) of normal costs or twelve percent (12%) of PERSable compensation, whichever is greater.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 consecutive months of service. As required by Government Code Section 7522.04(g), bargaining unit members covered by this Section 37.5 shall pay, through payroll deductions, fifty percent (50%) of normal costs or twelve percent (12%) of PERSable compensation, whichever is greater.

Appears in 1 contract

Samples: Memorandum of Understanding

Final Compensation Based On Three Year Average. As required by Government Code Section 7522.32, effective January 1, 2013, for the purposes of determining a retirement benefit for SCERA members covered by this Section 20.7.2benefit, final compensation shall mean the highest annual average annual pensionable compensation earned during 36 consecutive months of service. As required by Government Code Section 7522.04(g),bargaining unit members covered by this Section 48.5 shall pay, through payroll deductions, fifty percent (50%) of normal costs or twelve percent (12%) of PERSable compensation, whichever is greater.

Appears in 1 contract

Samples: Memorandum of Understanding

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