Professional Plan Sample Clauses

Professional Plan. The following contribution rates are for professional and managerial employees in the Professional Plan. Table of Pension Plan Changes Contribution Rates (ongoing) Effective Date: May 1, 2017 May 1, 2018 May 1, 2019 Below YMPE 7.44%* 7.69%** 7.94%** Above YMPE 9.14%* 9.39%** 9.64%** *Present rates ** The rates listed above are established as maximum member contribution rates under this agreement. The University contribution rates will continue to be determined by the plan actuary, but in no case shall be less than the member rates. Precise determination of any adjustments to member contribution rates will be made by the plan actuary, with due consideration being given to the importance of recognizing earnings below and above the YMPE. Furthermore, the University and the PSA agree, in principle, to a negotiated framework for sharing the Normal Actuarial Cost of the Professional Pension Plan through negotiation. Under this framework, should the most current valuation report filed prior to July 1st of each year show an increase in the University’s Normal Actuarial Cost to a level above one hundred per cent (100%) of the member contribution rates specified above, the University will meet with the PSA to review the applicable valuation results including support for the Normal Actuarial Cost increase. This review will include documentation prepared by the plan’s actuary who certified the Normal Actuarial Cost requirements in respect of P&M members, including a summary of the underlying P&M membership data used to prepare the valuation results.
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Related to Professional Plan

  • Professional Development Plan Professional Development Plan (PDP) refers to plans developed by faculty members addressing the criteria contained in Article 22 and Appendix G.

  • PROFESSIONAL DEVELOPMENT AND EDUCATIONAL IMPROVEMENT A. The Board agrees to implement the following:

  • PROFESSIONAL COMPENSATION A. The basic salaries of teachers covered by this Agreement are set forth in Appendix A which is attached to and incorporated in this Agreement. Such salary schedule shall remain in effect during the designated periods.

  • Professional Learning A. School-based Professional Learning

  • PROFESSIONAL IMPROVEMENT A. The parties’ support the principle of continuing training of teachers, participation by teachers in professional organizations in the areas of their specialization, leaves for work on advanced degrees or special studies, foreign travel and participation in community educational projects.

  • Professional Growth Program There shall be a Professional Growth Program in place for all classified employees. Professional Growth is an organized activity designed to improve performance of employees in the classified service and to provide training for employees to gain new skills and abilities, to broaden their opportunity for promotion, to engage in study and related activities designed to retain and extend the high standards of the classified employee.

  • Professional Growth Plan A written plan, self-directed or jointly developed between the teacher and evaluator, designed for the sole purpose of continuing teacher growth focused on areas identified in the teacher’s observations and/or evaluation. The approved form for the Professional Growth Plan is found at Ohio ES.

  • Professional Growth and Improvement Plans A. Professional growth and improvement plans shall be developed as follows:

  • Professional Development Program (a) The parties agree to continue a Professional Development Program for the maintenance and development of the faculty members' professional competence and effectiveness. It is agreed that maintenance of currency of subject knowledge, the improvement of performance of faculty duties, and the maintenance and improvement of professional competence, including instructional skills, are the primary professional development activities of faculty members.

  • Professional Development Fund A budget item equal to one-half (½) of one (1) percent of employees' salaries shall be set aside annually to be used to:

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