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Common use of New Member Clause in Contracts

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 or former members who have more than a six-month break in service. XxxXXXX ultimately determine who is a classic member in compliance with the law. a. The City shall provide for new member employees the 2% at 62 (Third Tier).

Appears in 3 contracts

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

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 or former members who have more than a six-month break in service. XxxXXXX ultimately determine who is a classic new member in compliance with the law. a. The City shall provide for new member miscellaneous employees the 2% at 62 (Third Tiertier). The City shall provide for new member safety employees the 2.7% at 55 (Third tier).

Appears in 2 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 or former members who have more than a six-month break in service. XxxXXXX ultimately determine who is a classic member in compliance with the law. a. The City shall provide for new member employees the 22.7% at 62 55 (Third Tier).

Appears in 1 contract

Samples: Memorandum of Understanding

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 or former members who have more than a six-six (6) month break in service. XxxXXXX ultimately determine determines who is a classic new member in compliance with the law. a. The City shall provide for new member employees the 2% at 62 (Third Tier).

Appears in 1 contract

Samples: Memorandum of Understanding

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 2013, or former members who have more than a six-six (6) month break in service. XxxXXXX ultimately determine determines who is a classic new member in compliance with the law. a. The City shall provide for new member employees the 2% at 62 (Third Tier).

Appears in 1 contract

Samples: Memorandum of Understanding

New Member. A new member is defined as an employee who meets the definition of a “new” member for purposes of retirement pension benefits to the Public Employees Pension Reform Act of 2013. Generally, this includes employees that were hired into a regular position on or after January 1, 2013 or former members who have more than a six-month break in service. XxxXXXX ultimately determine who is a classic new member in compliance with the law. a. The City shall provide for new member employees the 2% at 62 (Third Tier).

Appears in 1 contract

Samples: Memorandum of Understanding