FIXED ANNUITY RATES Sample Clauses

FIXED ANNUITY RATES. Notes to Tables
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FIXED ANNUITY RATES. Notes to Tables Table 1--Annuity Options A and B Table 2--Annuity Option C Table 3--Annuity Option D Table 4--Annuity Option E
Sample 1
FIXED ANNUITY RATES. TABLE 1--OPTIONS A & B MONTHLY PAYMENT PER $1,000 MALE FEMALE ------------------------------------- ------------------------------------- Life 5 Yrs 10 Yrs 20 Yrs Life 5 Yrs 10 Yrs 20 Yrs Age Only C&L C&L C&L Only C&L C&L C&L Age --- ----- ----- ------ ------ ---- ----- ------ ------ --- 50 3.94 3.93 3.91 3.84 3.64 3.64 3.63 3.60 50 51 4.00 3.99 3.97 3.89 3.69 3.69 3.68 3.64 51 52 4.07 4.06 4.04 3.94 3.74 3.74 3.73 3.69 52 53 4.13 4.13 4.10 4.00 3.80 3.79 3.78 3.74 53 54 4.21 4.20 4.17 4.06 3.85 3.85 3.84 3.79 54 55 4.29 4.28 4.25 4.11 3.92 3.91 3.90 3.84 55 56 4.37 4.36 4.32 4.17 3.98 3.98 3.96 3.90 56 57 4.45 4.44 4.40 4.23 4.05 4.04 4.03 3.95 57 58 4.54 4.53 4.49 4.30 4.12 4.11 4.10 4.01 58 59 4.64 4.63 4.58 4.36 4.20 4.19 4.17 4.07 59 60 4.74 4.73 4.67 4.42 4.28 4.27 4.25 4.13 60 61 4.85 4.84 4.77 4.49 4.36 4.35 4.33 4.20 61 62 4.97 4.95 4.88 4.56 4.45 4.44 4.41 4.27 62 63 5.10 5.07 4.99 4.62 4.55 4.54 4.50 4.33 63 64 5.23 5.20 5.11 4.69 4.65 4.64 4.60 4.40 64 65 5.37 5.34 5.23 4.75 4.76 4.75 4.70 4.47 65 66 5.53 5.49 5.35 4.82 4.88 4.86 4.81 4.55 66 67 5.69 5.64 5.49 4.88 5.00 4.98 4.92 4.62 67 68 5.86 5.81 5.63 4.94 5.13 5.11 5.04 4.69 68 69 6.05 5.98 5.77 5.00 5.28 5.25 5.17 4.76 69 70 6.25 6.17 5.92 5.06 5.43 5.40 5.30 4.83 70 71 6.45 6.36 6.07 5.11 5.60 5.56 5.44 4.90 71 72 6.67 6.56 6.23 5.16 5.77 5.73 5.59 4.97 72 73 6.91 6.78 6.39 5.21 5.97 5.92 5.75 5.03 73 74 7.16 7.00 6.56 5.25 6.16 6.11 5.91 5.09 74 75 7.42 7.24 6.72 5.29 6.40 6.33 6.08 5.15 75 76 7.71 7.49 6.90 5.33 6.64 6.55 6.26 5.20 76 77 8.01 7.76 7.07 5.36 6.90 6.79 6.44 5.25 77 78 8.34 8.04 7.24 5.38 7.17 7.04 6.63 5.29 78 79 8.69 8.33 7.42 5.41 7.47 7.31 6.82 5.32 79 80 9.06 8.64 7.59 5.43 7.79 7.59 7.01 5.36 80 81 9.46 8.95 7.77 5.45 8.14 7.90 7.21 5.39 81 82 9.88 9.29 7.94 5.46 8.51 8.22 7.40 5.41 82 83 10.34 9.63 8.10 5.47 8.92 8.56 7.59 5.43 83 84 10.82 9.99 8.25 5.48 9.35 8.91 7.78 5.45 84 85 11.34 10.36 8.40 5.49 9.83 9.29 7.96 5.47 85 FIXED ANNUITY RATES TABLE 2--OPTION C MONTHLY PAYMENT PER $1,000 MALE/FEMALE JOINT AND SURVIVOR ANNUITY FEMALE AGE MALE ------------------------------------------------- MALE AGE 40 45 50 55 60 65 70 75 80 85 AGE --------- ---- ---- ---- ---- ---- ---- ---- ---- ---- ---- --------- 40 3.11 3.16 3.24 3.30 3.34 3.38 3.40 3.42 3.43 3.44 40 45 3.15 3.24 3.33 3.41 3.48 3.54 3.58 3.61 3.63 3.65 45 50 3.16 3.29 3.41 3.52 3.63 3.72 3.79 3.84 3.88 3.90 50 55 3.21 3.33 3.48 3.63 3.77 3.91 4.02 4.11 4.16 4.22 55 60 3.22 3.36 3.53 3.71 3.91 4.10 4.28 4.43 4...
Sample 1
FIXED ANNUITY RATES. Notes to Tables Table 1 - Annuity Options A and B Table 2 - Annuity Option C Table 3 - Annuity Option D Table 4 - Annuity Option E
Sample 1

Related to FIXED ANNUITY RATES

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Under the terms of this Agreement, an employee shall advance to the next higher salary step in his/her job group until the maximum salary rate is reached, unless he/she is denied such step rate by his/her Appointing Authority. An employee shall progress from one step to the next higher step after each fifty-two (52) weeks of creditable service in a step commencing from the first day of the payroll period immediately following his/her anniversary date. B. In the event an employee is denied a step rate increase by his/her Appointing Authority, he/she shall be given a written statement of reasons therefore not later than five (5) days preceding the date when the increase would otherwise have taken effect. Time off the payroll is not creditable service for the purpose of step rate increases. Section 12.5 Whenever an employee paid in accordance with the salary schedules provided in Appendix A of this Agreement receives a promotion to a higher job group, the employee's new salary rate shall be calculated as follows: 1. For employees who are below the maximum step within their current job: a. Determine the employee’s current salary rate and step within his/her current job group; then b. Find the salary rate of the next higher step within the employee’s current job group; and c. Multiply the employee’s current salary rate by one and three one- hundredths (1.03); then d. Compare the higher of the resultant amounts from b) or c) above to the salary rates for the higher job group into which the employee is being promoted. e. The employee’s salary rate shall be the first rate in the higher job group that at least equals the higher of the resultant amounts from d) above. f. 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The salary rates set forth in Appendix A shall remain in effect during the term of this agreement. Salary rates shall not be increased or decreased except in accordance with the provisions of this Agreement. C. Employees shall be compensated on the basis of the salary rate for their official job classification. Section 12.7 A regular part-time employee shall be entitled to the provisions of this Article in the proportion that his/her service bears to full-time service. A. An employee entering a position within a bargaining unit covered by this Agreement from a position in an equivalent salary grade in a bargaining unit not covered by this Agreement shall be placed at the first step-in-grade up to the maximum of the grade, which at least equals the rate of compensation received immediately prior to his/her entry into the bargaining unit.

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