Common use of Final Compensation Clause in Contracts

Final Compensation. As required by Government Code Section 7522.32, effective January 1, 2013, for the purpose of determining a retirement benefit, final compensation for new members shall be based on the highest annual average of pensionable compensation earned during thirty-six (36) consecutive months of service.

Appears in 8 contracts

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

AutoNDA by SimpleDocs

Final Compensation. As required by Government Code Section 7522.32, effective January 1, 2013, for the purpose of determining a retirement benefit, final compensation for new members shall be based on the highest annual average of pensionable compensation earned during the previous thirty-six (36) consecutive months of service.

Appears in 6 contracts

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

Final Compensation. As required by Government Code Section 7522.32, effective January 1, 2013, for the purpose of determining a retirement benefit, final compensation for new members represented employees covered by this section 7.3 shall be based on the highest average annual average of pensionable compensation earned by a member during any period of thirty-six (36) consecutive months of during the member’s service.

Appears in 5 contracts

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

Final Compensation. As required by Government Code Section 7522.327522.25, effective January 1, 2013, for the purpose of determining a retirement benefit, final compensation for new members shall be based on the highest annual average of pensionable compensation earned during thirty-six (36) consecutive months of service.

Appears in 1 contract

Samples: Collective Bargaining Agreement

AutoNDA by SimpleDocs

Final Compensation. As required by Government Code Section 7522.327522.25, effective January 1, 2013, for the purpose of determining a retirement benefit, final compensation for new members shall be based on the highest annual average of pensionable compensation earned during thirty-six (36) consecutive months of service.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!