Miscellaneous Members Sample Clauses

Miscellaneous Members. A. Tier 1 1. The City shall provide a retirement program for eligible employees of three percent (3%) at age sixty (60) based upon the Single Highest Year. 2. Employees and the City shall pay their respective contribution amounts as defined by the City’s retirement plan. B. Tier 2 1. The City shall provide a retirement program for eligible employees of two percent (2%) at age sixty (60) based upon a three (3) year average final compensation period, and retirement cost of living adjustment shall be two percent (2%) per year as determined by CalPERS. 2. Employees and the City shall pay their respective contribution amounts as defined by the City’s retirement plan. C. Tier 3 1. The City shall provide a retirement program for eligible employees of two percent (2%) at age sixty-two (62) based upon a three (3) year average final compensation period, and retirement cost of living adjustment which shall be determined by CalPERS. 2. Employees shall pay fifty percent (50%) of the expected total normal cost rate for the benefits that apply to new Unsworn / Miscellaneous members on or after January 1, 2013 rounded to the nearest one-quarter of one percent (.25%).
Miscellaneous Members. In accordance with Section 21251.132 of the Public Employees Retirement System contract options the City agrees to continue the P.E.R.S. 2.7% @ 55 formula based on single highest year compensation 3rd level 1959 Survivor's Benefit and sick leave conversion provisions.
Miscellaneous Members. The City will pay the employer’s share of the PERS retirement formula and employees will pay the entire 8% employee share of the applicable PERS retirement formula for Miscellaneous Employees. Effective July 1, 2011 or later the City will implement a tiered PERS retirement formula for all new hires. Current Public Safety Employees will retain the PERS 3% @ 50 formula, and current Miscellaneous Employees will retain the PERS 2.7% @ 55 formula. Employees laid off and reinstated within three (3) years of this agreement shall retain their original formulas. The Miscellaneous employees hired after February 13, 2011 continue to have a Second-Tier retirement formula at 2% at 60.
Miscellaneous Members. The City will continue its participation in the California Public Employees’ Retirement System (CalPERS). Miscellaneous Members hired before February 11, 2012, shall receive the 2.5% @ 55 formula, the Third Level of the 1959 Survivor’s Benefit, highest thirty-six (36) months for final compensation determination, Military Service Credit as Public Service, and the Unused Sick Leave Credit option. These Miscellaneous Members will pay the entire CalPERS employee contribution of eight percent (8%) on a pre-tax basis. Miscellaneous Members hired between February 11, 2012, and December 31, 2012, or Classic Members, as defined by XxxXXXX, shall receive the 2% @ 60 formula, the Third Level of the 1959 Survivor’s Benefit, highest thirty-six (36) months for final compensation determination, Military Service Credit as Public Service, and the Unused Sick Leave Credit option. These Miscellaneous Members will pay the entire CalPERS employee contribution of seven percent (7%) on a pre-tax basis. New Miscellaneous Members hired on or after January 1, 2013, who have never been a CalPERS member, have not been a CalPERS member in the past 180 days, and who are not eligible for reciprocity with another California public retirement system as defined by the Public Employees’ Pension Reform Act (PEPRA), and are not a rehire who is formerly a classic member, shall receive the 2% @ 62 formula, the Third Level of the 1959 Survivor’s Benefit, highest thirty-six (36) months for final compensation determination, Military Service Credit ad Public Service, and the Unused Sick Leave Credit option. These Miscellaneous Members will pay the entire CalPERS employee contribution as determined by XxxXXXX on a pre-tax basis.
Miscellaneous Members. The following provisions are applicable to County miscellaneous employees in the Law Enforcement Unit whose classifications are so designated by the letter M in the PERS STATUS column of Article II of this MOU.
Miscellaneous Members. The following provisions are applicable to County miscellaneous employees in the Law Enforcement Management Unit whose classifications are so designated by their CalPERS status.
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Related to Miscellaneous Members

  • Miscellaneous Items Borrower shall deliver to Lender such other items, documents and evidences pertaining to the Line of Credit as may reasonably be requested by Lender.

  • Miscellaneous Leaves L31.1 Application for Miscellaneous Leave shall be made to the Executive Superintendent of Employee Services or designate. The Teacher shall notify the principal at the time the application is made and whenever possible shall make the application at least five days prior to the day for which the leave is requested.

  • Miscellaneous Leave Leave with or without pay may be granted for the following purposes subject to the criteria set out below being met. (a) Where a teacher is prevented from travelling from their home to work because of an emergency situation outside of the control of the teacher (up to seven (7) days leave with pay may be granted) provided that this provision is for emergencies only. Approval shall not be given where the teacher has advance notice or in circumstances where the teacher could be reasonably expected to have foreseen the situation arising. Where practicable the teacher is to inform the school of the reasons for the absence and is required to return to duty as soon as possible. Full details of the case shall be submitted.

  • Miscellaneous and General Survival.....................................................................49 9.2. Modification or Amendment....................................................50 9.3.

  • Miscellaneous Powers The Trustees shall have the power to: (a) employ or contract with such Persons as the Trustees may deem desirable for the transaction of the business of the Trust; (b) enter into joint ventures, partnerships and any other combinations or associations; (c) purchase, and pay for out of Trust Property, insurance policies insuring the Shareholders, Trustees, officers, employees, agents, investment advisors, distributors, selected dealers or independent contractors of the Trust against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such Person in such capacity, whether or not constituting negligence, or whether or not the Trust would have the power to indemnify such Person against such liability; (d) establish pension, profit-sharing, share purchase, and other retirement, incentive and benefit plans for any Trustees, officers, employees and agents of the Trust; (e) make donations, irrespective of benefit to the Trust, for charitable, religious, educational, scientific, civic or similar purposes; (f) to the extent permitted by law, indemnify any Person with whom the Trust has dealings, including without limitation any advisor, administrator, manager, transfer agent, custodian, distributor or selected dealer, or any other person as the Trustees may see fit to such extent as the Trustees shall determine; (g) guarantee indebtedness or contractual obligations of others; (h) determine and change the fiscal year of the Trust and the method in which its accounts shall be kept; and (i) adopt a seal for the Trust but the absence of such seal shall not impair the validity of any instrument executed on behalf of the Trust.

  • Miscellaneous Rules 1 The provisions of this Agreement shall not be construed to restrict in any manner any exclusion, exemption, deduction, credit, or other allowances now or hereafter accorded: (a) by the laws of a Contracting State in the determination of the tax imposed by that State; or (b) by any other agreement entered into by a Contracting State.

  • Miscellaneous Matters A number of special points. We have identified each of these as important to ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .

  • Miscellaneous Provisions The following miscellaneous provisions are a part of this Agreement:

  • Miscellaneous Fees In addition to the Course Fees, the miscellaneous fees set out in Schedule 2.2 may be payable by the Student (the “Miscellaneous Fees”).

  • Miscellaneous Transactions (A) PFPC Trust is authorized to deliver or cause to be delivered Property against payment or other consideration or written receipt therefor in the following cases: (1) for examination by a broker or dealer selling for the account of a Portfolio in accordance with street delivery custom; (2) for the exchange of interim receipts or temporary securities for definitive securities; and (3) for transfer of securities into the name of the Fund on behalf of a Portfolio or PFPC Trust or a sub-custodian or a nominee of one of the foregoing, or for exchange of securities for a different number of bonds, certificates, or other evidence, representing the same aggregate face amount or number of units bearing the same interest rate, maturity date and call provisions, if any; provided that, in any such case, the new securities are to be delivered to PFPC Trust. (B) unless and until PFPC Trust receives Oral Instructions or Written Instructions to the contrary, PFPC Trust shall: (1) pay all income items held by it which call for payment upon presentation and hold the cash received by it upon such payment for the account of each Portfolio; (2) collect interest and cash dividends received, with notice to the Fund, to the account of each Portfolio; (3) hold for the account of each Portfolio all stock dividends, rights and similar securities issued with respect to any securities held by PFPC Trust; and (4) execute as agent on behalf of the Fund all necessary ownership certificates required by the Internal Revenue Code or the Income Tax Regulations of the United States Treasury Department or under the laws of any state now or hereafter in effect, inserting the Fund's name, on behalf of a Portfolio, on such certificate as the owner of the securities covered thereby, to the extent it may lawfully do so.

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