Public Employment Retirement System Sample Clauses

Public Employment Retirement System. The District will follow the rules as defined by the Public Employment Retirement System in crediting retirement to employees.
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Public Employment Retirement System. If eligibility requirements are met, the Executive Director will participate in a Washington State Department of Retirement Systems (DRS) PERS plan in accordance with the regulations that govern that plan. Both the Port and the Executive Director will contribute to the Executive Director's PERS plan, subject to the limitations on salary eligible for PERS contributions specified by the IRS.
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Public Employment Retirement System. All employees shall be credited with sufficient hours per day to qualify them for retirement benefit within the Public Employment Retirement System (PERS).
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Public Employment Retirement System. The school District will continue to pay both the District's share of Public Employees retirement benefits and the employee's share of the Public Employees retirement benefits for the life of this contract.
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Public Employment Retirement System. In determining whether an employee 721 subject to this Agreement is eligible for participation in the Washington State 722 Public Employee’s Retirement System, the District shall report all hours 723 worked, whether straight time, overtime or otherwise. 724 725 7. Use of District and Personal Vehicle: Employees required to travel on District 726 business using their own vehicle shall be reimbursed for such travel on a per 727 mile basis at the state rate per mile or District approved rate, whichever is 728 greater. 729 730 731 Section M – SEBB: School Employee Insurance 732 733 Beginning January 1, 2020, and each year thereafter, the employer agrees to provide 734 the insurance plans, follow employee eligibility rules, and provide funding for all 735 bargaining unit members and their dependents as required by State Law, the State 736 Operating Budget, and the School Employee’s Benefits Board (SEBB). Inclusive of 737 employer funding will be payment of the retiree carve-out for all eligible employees. 738 739 The employer agrees to provide timely information about SEBB insurance plans to 740 eligible employees during the school year (as required or recommended by SEBB) and 741 at each open enrollment period. 742 743 The employer agrees to follow SEBB eligibility rules for employees who are 744 anticipated to work 630 hours or more per school year. Paid leave hours shall count 745 towards the 630 hours used to determine eligibility for benefits. For purposes of 746 benefits provided under the SEBB, a school year shall mean September through 747 August. The effective date of coverage is the first day of the month following the day 748 they begin work, unless other circumstances apply per SEBB rules. 749 750 Basic benefits include medical, dental, vision, long-term disability and group life 751 insurance. Employees may select optional benefits at their own expense. Employees 752 shall be able to participate in the SEBB offered Medical Flexible Spending 753 Arrangement (FSA) and the Dependent Care Assistance Program (DCAP). 754
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Related to Public Employment Retirement System

  • Public Employees Retirement System “PERS”) Members.

  • Retirement System The withdrawal of employee contributions made on or after January 1, 2014 may also be withdrawn but only on an actuarially neutral basis. The actuarial present value of the pension reduction shall be equal to the amount of accumulated member contributions withdrawn. The actuarial present value shall computed using the interest rate used in the annual actuarial valuation and the mortality table used in the annual actuarial valuation with a 50% unisex blend.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Severance and Retirement Options (i) Where an employee resigns within 30 days after receiving notice of layoff pursuant to article 14.02 (a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of two (2) weeks' salary for each year of continuous service to a maximum of sixteen (16) weeks' pay, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of three thousand ($3,000) dollars. (ii) Where an employee resigns later than 30 days after receiving notice pursuant to article 14.02(a)(ii) that his or her position will be eliminated, he or she shall be entitled to a separation allowance of four (4) weeks' salary, and, on production of receipts from an approved educational program, within twelve (12) months of resignation, may be reimbursed for tuition fees up to a maximum of one thousand two hundred and fifty ($1,250) dollars. (b) Prior to issuing notice of layoff pursuant to article 14.02(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 14.02(a)(ii). Within thirty (30) days from the date of notice of layoff, an employee who has received notice of layoff of a permanent or long-term nature may retire provided that the employee is eligible to retire under the terms of the Hospitals of Ontario Pension Plan. An employee who chooses this option forfeits her right to notice and will receive severance pay on the basis of two (2) weeks’ pay for each year of service with the Hospital to a maximum of fifty-two (52) weeks on the basis of the employees normal weekly earnings. In addition, full-time employees will receive a lump sum payment equal to $1,000.00 for every year less than age 65, to a maximum of $5,000.00.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

  • Continuing Employment (a) Continuing employment means full-time or fractional-time employment that does not have a fixed end date or a contingency upon which the employment contract will come to an end. (b) All employment other than fixed-term employment and casual employment will be continuing employment. (c) Notwithstanding subclause 16.0(b) above, the University may employ a person in Continuing (Contingent Funded Research) employment on a full-time or fractional-time basis in accordance with the terms of this Agreement.

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