MISCELLANEOUS EMPLOYEE RETIREMENT Sample Clauses

MISCELLANEOUS EMPLOYEE RETIREMENT a. The County shall establish a Miscellaneous Retirement Tier 4 based upon Government Code Section 31676.1, with a final compensation based upon the highest three-year average compensation pursuant to Government Code Section 31462, and shall have a post-retirement cost-of-living adjustment factor pursuant to Government Code Section 31870 to a maximum annual 2%. This retirement tier shall apply exclusively to employees first hired after implementation of the Miscellaneous Retirement Tier 4.
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MISCELLANEOUS EMPLOYEE RETIREMENT. 1. The following provision applies to EMPLOYEES hired into city service on or before December 31, 2012.
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MISCELLANEOUS EMPLOYEE RETIREMENT. 1. The following provisions apply to bargaining unit employees hired into city service on or before December 31, 2012 or otherwise determined to be “Classic” members by XxxXXXX (“classic members”).
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Related to MISCELLANEOUS EMPLOYEE RETIREMENT

  • 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.

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

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