Miscellaneous PEPRA Members Sample Clauses

Miscellaneous PEPRA Members. 14.2.1. PEPRA employees are those employees hired on or after January 1, 2013 who have not been previously employed by the City of Monterey as a full-time employee, or who were employed full-time by another PERS (or reciprocal) agency and had a break in service greater than six months (6) from date of hire by the City of Monterey, will be placed on a second PERS Plan tier. The second tier for these employees is the two percent (2.0%) @ 62 and contains the same plan amendments as the 2.7% @ 55 plan described above, except that PEPRA requires the two percent (2.0%) @ 62 retirement formula to be based on a thirty- six (36)-month average of annual pensionable compensation earned (rather than a twelve (12)-month average), and employees on the second tier contribute fifty percent (50.0%) of the normal cost of the plan as established by CalPERS and are not required to participate in any cost-sharing of the Employers’ Contribution to CalPERS. The City shall maintain the IRS 414(h)(2) provision allowing employees to defer state and federal Income taxes on their CalPERS contributions.
Sample 1
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Miscellaneous PEPRA Members. 12.2.1. PEPRA employees are those employees hired on or after January 1, 2013 who have not been previously employed by the City of Monterey as a full-time employee, or who were employed full-time by another PERS (or reciprocal) agency and had a break in service greater than six months (6) from date of hire by the City of Monterey, will be placed on a second PERS Plan tier. The second tier for these employees is the 2.0% @ 62 and contains the same plan amendments as the 2.7% @ 55 plan described above, except that PEPRA requires the 2.0% @ 62 retirement formula to be based on a thirty-six (36)-month average of annual pensionable compensation earned (rather than a twelve (12)-month average), and employees on the second tier contribute 50.0% of the normal cost of the plan as established by CalPERS and are not required to participate in any cost-sharing of the Employers’ Contribution to CalPERS. The City shall maintain the IRS 414(h)(2) provision allowing employees to defer state and federal Income taxes on their CalPERS contributions.
Sample 1

Related to Miscellaneous PEPRA Members

  • Miscellaneous Provisions Section 11.01

  • Miscellaneous Leaves C.1.1. Application for miscellaneous leave shall be made to the Executive Superintendent of Employee Services or designate. The Teacher shall notify the principal of the application at the time it is made and whenever possible shall make the application at least five school 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:

  • Miscellaneous Rules 1. The provisions of this Convention shall not be construed to restrict in any manner any exemption, allowance, credit or other deduction accorded:

  • Miscellaneous Provision It is hereby understood that, to be entitled to the benefits under this Agreement, the MEMBER hereby waives his/her consent to the disclosure and processing of his/her medical/health information which is determinative for the assessment of his/her coverage and necessary for the treatment of his/her illness. MediCard, its Medical Service Units/Teams and its Accredited Hospitals/Clinics are hereby released from any liability by reason of such disclosure.

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

  • MISCELLANEOUS BENEFITS This Agreement is not intended, and shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, pension, profit sharing, insurance, hospital, bonus, vacation, or other plan or plans which may now be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period of his employment.

  • Miscellaneous Requirements A. To comply with Texas Health and Safety Code, §85.113 and §85.115 concerning workplace and confidentiality guidelines for persons with AIDS or HIV.

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