Non-Creditable Service for Longevity Computation Sample Clauses

Non-Creditable Service for Longevity Computation a. Any period that an employee is on any leave of absence without pay over a period of 21 consecutive calendar days in a calendar year will be deducted from the creditable service for longevity pay.
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Non-Creditable Service for Longevity Computation. Any period that an Employee is on unauthorized leave of absence will be deducted from the creditable service time for Longevity Pay. Period or periods of service in the active military service of the United States Armed Forces in which the Employee enlisted voluntarily for active service, other than periods of wartime or national emergency will be deducted from the creditable service time for Longevity Pay.
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Non-Creditable Service for Longevity Computation. Periods of non-creditable service will be deducted from service credit for the calculation of service credit towards calculation of longevity pay.
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Related to Non-Creditable Service for Longevity Computation

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  • How are Required Minimum Distributions Computed A required minimum distribution (“RMD”) is determined by dividing the account balance (as of the prior calendar year end) by the distribution period. For lifetime RMDs, there is a uniform distribution period for almost all IRA owners of the same age. The uniform distribution period table is based on the joint life and last survivor expectancy of an individual and a hypothetical beneficiary 10 years younger. However, if the IRA owner’s sole beneficiary is his/her spouse and the spouse is more than 10 years younger than the account owner, then a longer distribution period based upon the joint life and last survivor life expectancy of the IRA owner and spouse will apply. An IRA owner may, however, elect to take more than his/her RMD at any time.

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