Common use of Pension Multiplier Clause in Contracts

Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.

Appears in 5 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

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Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27May 1, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.twenty-six

Appears in 3 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27May 1, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- twenty-six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Employment Agreement

Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27July 24, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.

Appears in 1 contract

Samples: Collective Bargaining Agreement

Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27July 24, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.twenty-six

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27June 19, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.twenty-six

Appears in 1 contract

Samples: Collective Bargaining Agreement

Pension Multiplier. For any employee hired on or before December 31, 2001 or who is vested as of February 27September 14, 2009, the pension multiplier is two and four tenths percent (2.4%) for the first twenty- twenty-six (26) years of credited service and one percent (1%) for each year of credited service thereafter. For employees hired on or after January 1, 2002, the pension multiplier is two and two tenths percent (2.2%) for all years of service.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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