Common use of Normal Benefit Clause in Contracts

Normal Benefit. (a) Normal Benefit accrual is at the rate of two percent (2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional Officer, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 below. Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-one percent (61%). (b) Effective January 1, 1999, Normal Benefit accrual is at the rate of two and two- tenths percent (2.2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional Officer, to a maximum of twenty- five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 below, for a normal retirement benefit of fifty- five percent (55%). Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-six percent (66%). (c) Effective July 1, 1999, Normal Benefit accrual is at the rate of two and forty-four hundredths percent (2.44%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional Officer, to a maximum of twenty-two and one-half (22 1/2) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 below, for a normal retirement benefit of fifty-five percent (55%). Additional benefit accrual may be earned for years after twenty-two and one-half (22 1/2) through twenty-five (25) at the increased accrual rate of two percent (2%) per year for a normal retirement benefit of sixty percent (60%). Further benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of one and two-tenths (1.2%) per year. The maximum benefit payable is sixty-six percent (66%). (d) Effective July 1, 2001, Normal Benefit accrual is at the rate of two and six tenths percent (2.6%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx’s County Correctional Officer, to a maximum of twenty

Normal Benefit. (a) a. Normal Benefit benefit accrual is at the rate of two percent (2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince XxxxxxGeorge's County Correctional OfficerDeputy Sheriff, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below. Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-one percent (61%). (b) b. Effective January 1, 1999, Normal Benefit normal benefit accrual is at the rate of two and two- two tenths percent (2.2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince XxxxxxGeorge's County Correctional OfficerDeputy Sheriff, to a maximum of twenty- five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below, for a normal retirement benefit of fifty- fifty-five percent (55%). Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-six percent (66%). (c) c. Effective July 1, 19992001, Normal Benefit normal benefit accrual is at the rate of two and fortyfive-four hundredths tenths percent (2.442.5%) times the number of years of actual and continuous service the employee has completed as a full-time Prince XxxxxxGeorge's County Correctional OfficerDeputy Sheriff, to a maximum of twenty-twenty (20) - years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 7.12.G., below, for a normal retirement benefit of fifty percent (50%). Additional benefit accrual may be earned after twenty years through thirty (30) at the increased accrual rate of two and onefive-half tenths percent (22 1/22.5%) per year. The maximum benefit payable is seventy-five percent (75%). d. Effective July 1, 2003, normal benefit accrual is at the rate of three percent (3%) times the number of years of actual and continuous service the employee has completed as a full- time Prince George's County Deputy Sheriff, to a maximum of twenty (20) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below, for a normal retirement benefit of fifty-five percent (55%). Additional benefit accrual may be earned for years after twenty-two and one-half (22 1/2) through twenty-five (25) at the increased accrual rate of two percent (2%) per year for a normal retirement benefit of sixty percent (60%). Further Additional benefit accrual may be earned for after twenty (20) years twenty-six (26) through thirty (30) at the increased accrual rate of one two and two-five- tenths percent (1.22.5%) per year. The maximum benefit payable is sixtyeighty-six five percent (6685%). (d) e. Effective July 1, 20012013, Normal Benefit for employees with less than five (5) years of service credit as of July 1, 2013, normal benefit accrual is at the rate of two and six tenths three percent (2.63%) times the number of years of actual and continuous service the employee has completed as a full-time Prince XxxxxxGeorge’s County Correctional OfficerDeputy Sheriff for the first twenty (20) years of actual and continuous service, and at the rate of (2.5%) per year for additional years of service up to twenty-five years of service, multiplied by the employee’s average annual compensation, as determined pursuant to Section 7.12.G below, for a normal retirement benefit of 72.5% after twenty-five years of service. Additional benefit accrual may be earned after twenty-five (25) years through thirty (30) years at the rate of two and five-tenths percent (2.5%) per year. f. Upon enactment of the legislation implementing this Agreement, the maximum benefit payable is eighty-five percent (85%) of twentythe employee’s average annual compensation. However, in the case of an employee hired prior to January 4, 1995 and who has reached thirty (30) years of actual and continuous service as of December 31, 2013 (or such earlier date should the employee retire prior to December 31, 2013), such employee will not be subject to the 85% maximum benefit but rather will be frozen at the benefit rate that the employee would have been entitled utilizing applicable leave balances had the employee retired on December 31, 2013 (or such earlier date should the employee retire prior to December 31, 2013).

Normal Benefit. (a) a. Normal Benefit benefit accrual is at the rate of two percent (2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional OfficerDeputy Sheriff, to a maximum of twenty-five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below. Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-one percent (61%). (b) b. Effective January 1, 1999, Normal Benefit normal benefit accrual is at the rate of two and two- two tenths percent (2.2%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional OfficerDeputy Sheriff, to a maximum of twenty- five (25) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below, for a normal retirement benefit of fifty- fifty-five percent (55%). Additional benefit accrual may be earned for years twenty-six (26) through thirty (30) at the increased accrual rate of two and two-tenths percent (2.2%) per year. The maximum benefit payable is sixty-six percent (66%). (c) c. Effective July 1, 19992001, Normal Benefit normal benefit accrual is at the rate of two and fortyfive-four hundredths tenths percent (2.442.5%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx's County Correctional OfficerDeputy Sheriff, to a maximum of twenty-twenty (20) - years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 7.12.G., below, for a normal retirement benefit of fifty percent (50%). Additional benefit accrual may be earned after twenty years through thirty (30) at the increased accrual rate of two and onefive-half tenths percent (22 1/22.5%) per year. The maximum benefit payable is seventy-five percent (75%). d. Effective July 1, 2003, normal benefit accrual is at the rate of three percent (3%) times the number of years of actual and continuous service the employee has completed as a full- time Prince Xxxxxx's County Deputy Sheriff, to a maximum of twenty (20) years of actual and continuous service, multiplied by the employee's average annual compensation, as determined pursuant to Section 9 7.12.G., below, for a normal retirement benefit of fifty-five percent (55%). Additional benefit accrual may be earned for years after twenty-two and one-half (22 1/2) through twenty-five (25) at the increased accrual rate of two percent (2%) per year for a normal retirement benefit of sixty percent (60%). Further Additional benefit accrual may be earned for after twenty (20) years twenty-six (26) through thirty (30) at the increased accrual rate of one two and two-five- tenths percent (1.22.5%) per year. The maximum benefit payable is sixtyeighty-six five percent (6685%). (d) Effective e. For all employees hired after July 1, 20012013, Normal Benefit the normal benefit accrual is shall be at the rate of two and six tenths three percent (2.63%) times the number of years of actual and continuous service the employee has completed as a full-time Prince Xxxxxx’s County Correctional OfficerDeputy Sheriff for the first twenty (20) years of actual and continuous service, and at the rate of (2.5%) per year for additional years of service up to twenty-five years of service, multiplied by the employee’s average annual compensation, as determined pursuant to Section 7.12.G below, for a normal retirement benefit of 72.5% after twenty-five years of service. Additional benefit accrual may be earned after twenty-five (25) years through thirty (30) years at the rate of two and five-tenths percent (2.5%) per year. f. Upon enactment of the legislation implementing this Agreement, the maximum benefit payable is eighty-five percent (85%) of twentythe employee’s average annual compensation. However, in the case of an employee hired prior to January 4, 1995 and who has reached thirty (30) years of actual and continuous service as of December 31, 2013 (or such earlier date should the employee retire prior to December 31, 2013), such employee will not be subject to the 85% maximum benefit but rather will be frozen at the benefit rate that the employee would have been entitled utilizing applicable leave balances had the employee retired on December 31, 2013 (or such earlier date should the employee retire prior to December 31, 2013).